Remarks on potential mean field games
Abstract In this expository article, we give an overview of the concept of potential mean field games of first order. We give a new proof that minimizers of the potential are equilibria by using a Lagrangian formulation. We also provide criteria to determine whether or not a game has a potential. Finally, we discuss in some depth the selection problem in mean field games, which consists in choosing one out of multiple Nash equilibria.
Authors
- P. Jameson Graber (ORCID: https://orcid.org/0000-0002-2616-8552)
Institutions
- Baylor University (US)
Publication Details
- Journal
- Research in the Mathematical Sciences
- Published
- 2025-02-07
- DOI
- https://doi.org/10.1007/s40687-024-00494-3
- Citations
- 3
- Primary Topic
- Stochastic processes and financial applications
- Type
- article
- Field-Weighted Citation Impact
- 6.62
Funders
- National Science Foundation
- Division of Mathematical Sciences