Convergence to the mean field game limit: a case study
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Publication:2180385
Abstract: We study the convergence of Nash equilibria in a game of optimal stopping. If the associated mean field game has a unique equilibrium, any sequence of -player equilibria converges to it as . However, both the finite and infinite player versions of the game often admit multiple equilibria. We show that mean field equilibria satisfying a transversality condition are limit points of -player equilibria, but we also exhibit a remarkable class of mean field equilibria that are not limits, thus questioning their interpretation as "large " equilibria.
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Cited in
(36)- scientific article; zbMATH DE number 3974777 (Why is no real title available?)
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- From finite population optimal stopping to mean field optimal stopping
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