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This paper studies a general class of stochastic population processes in which agents interact with one another over a network. Agents update their behaviors in a random and decentralized manner based only on their current state and the states of their neighbors. It is well known that when the number of agents is large and the network is a complete graph (has all-to-all information access), the macroscopic behavior of the population converges to a differential equation called a {it mean-field approximation}. When the network is not complete, it is unclear in general whether there exists a suitable mean-field approximation for the macroscopic behavior of the population. This paper provides general conditions on the network and policy dynamics for which a suitable mean-field approximation exists. First, we show that as long as the network is well-connected, the macroscopic behavior of the population concentrates around the {it same} mean-field system as the complete-graph case. Next, we show that as long as the network is sufficiently dense, the macroscopic behavior of the population concentrates around a mean-field system that is, in general, {it different} from the mean-field system obtained in the complete-graph case. Finally, we provide conditions under which the mean-field approximation is equivalent to the one obtained in the complete-graph case.
We approach the development of models and control strategies of susceptible-infected-susceptible (SIS) epidemic processes from the perspective of marked temporal point processes and stochastic optimal control of stochastic differential equations (SDE
The purpose of this note is to provide an existence result for the solution of fully coupled Forward Backward Stochastic Differential Equations (FBSDEs) of the mean field type. These equations occur in the study of mean field games and the optimal control of dynamics of the McKean Vlasov type.
We study a family of McKean-Vlasov (mean-field) type ergodic optimal control problems with linear control, and quadratic dependence on control of the cost function. For this class of problems we establish existence and uniqueness of an optimal contro
Mathematical mean-field approaches play an important role in different fields of Physics and Chemistry, but have found in recent works also their application in Economics, Finance and Game Theory. The objective of our paper is to investigate a specia
Adaptive networks rely on in-network and collaborative processing among distributed agents to deliver enhanced performance in estimation and inference tasks. Information is exchanged among the nodes, usually over noisy links. The combination weights