Boltzmann and Fokker-Planck equations modelling the Elo rating system with learning effects
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Publication:2003403
asymptotic behaviourElo ratingexistence of weak solutionsFokker-Planck equationkinetic modellearning
Asymptotic behavior of solutions to PDEs (35B40) Weak solutions to PDEs (35D30) Degenerate parabolic equations (35K65) Boltzmann equations (35Q20) Fokker-Planck equations (35Q84) PDEs in connection with game theory, economics, social and behavioral sciences (35Q91) Monte Carlo methods (65C05) Numerical methods (including Monte Carlo methods) (91G60)
Abstract: In this paper we propose and study a new kinetic rating model for a large number of players, which is motivated by the well-known Elo rating system. Each player is characterised by an intrinsic strength and a rating, which are both updated after each game. We state and analyse the respective Boltzmann type equation and derive the corresponding nonlinear, nonlocal Fokker-Planck equation. We investigate the existence of solutions to the Fokker-Planck equation and discuss their behaviour in the long time limit. Furthermore, we illustrate the dynamics of the Boltzmann and Fokker-Planck equation with various numerical experiments.
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Cited in
(12)- Propagation of chaos: a review of models, methods and applications. II: Applications
- Continuum and thermodynamic limits for a simple random-exchange model
- Monte Carlo stochastic Galerkin methods for non-Maxwellian kinetic models of multiagent systems with uncertainties
- The impact of intelligent transportation points system based on Elo rating on emergence of cooperation at Y intersection
- Stationary distribution of the player rating in the Elo model with one adversary
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