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Record W2069084040 · doi:10.1109/cdc.2013.6760257

Recursive estimation of common partially observed disturbances in MFG systems with application to large scale power markets

2013· article· en· W2069084040 on OpenAlexaff
Peter E. Caines, Arman C. Kizilkale

Bibliographic record

Venuenot available
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicStochastic processes and financial applications
Canadian institutionsPolytechnique MontréalMcGill UniversityGroup for Research in Decision Analysis
Fundersnot available
KeywordsPopulationComputer scienceNash equilibriumMulti-agent systemGame theoryStability (learning theory)Mathematical economicsMathematical optimizationArtificial intelligenceMathematicsMachine learning

Abstract

fetched live from OpenAlex

Power markets are modelled as dynamic large population games where suppliers and consumers submit their bids in real-time. The agents are coupled in their dynamics and cost functions through the price process. Here, a common unpredictable partially observed major agent is added to the system which represents common unpredictable disturbance factors (e.g. wind) and exogenous market factors (e.g. competing energy resource prices), etc. In previous work, the Mean Field Game (MFG) methodology was used to study the limit (Le., infinite population) behaviour of large population market systems without a major agent; this results in a decentralized algorithm where agents submit their bids solely using statistical information on the dynamics of the entire population. When a major agent is absent, the system exhibits the standard counter intuitive property of MFG solutions that agents need not observe the behaviour (i.e., inputs and state trajectories, market price evolution, etc.) of any other agent (individually or collectively) in order that simple decentralized control actions achieve a mass ϵ-Nash equilibrium (with ϵ vanishing as the population goes to infinity) and individual L <sup xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">2</sup> stability. The contribution of this paper is the extension of the MFG theory to cover the addition of a major agent to the power market problem. In general, the addition of a major agent in the MFG framework makes the mean field stochastic in contrast to the situation with purely minor agents where the mean field is deterministic. In the general situation of sporadic noisy observations of the mean field and the state of the major agent, the extended MFG theory (with estimation of the mean field and the major agent state) yields simple decentralized control laws which achieve a mass ϵ-Nash equilibrium (with ϵ vanishing as the population goes to infinity) and individual L <sup xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">2</sup> stability. In this paper, this is carried out for the MFG formulation of the power market problem in order to fit the situation where sporadic noisy observations of the state of the major agent and of the market price are available for recursive mean field state estimation.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.848
Threshold uncertainty score0.403

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.013
GPT teacher head0.210
Teacher spread0.197 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations23
Published2013
Admission routes1
Has abstractyes

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