Decentralized Decision-Making In A Large Team With Local Information

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Complexity Digest 2003.21 - 04.01
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26-May-2003

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Decentralized Decision-Making In A Large Team With Local Information, Games &
Econ. Behav.
 









Abstract: We study a problem involving a team of agents each associated with a
node in a chain. Each agent makes a decision that influences only his own cost
and those of adjacent agents. Prior to making his decision, each agent observes
only the cost structure associated with nodes that can be reached by traversing
no more than r arcs. We show that (...) deterministic strategies require r to be
proportional to the number of agents. This means that the amount of information
accessible to any agent should be proportional to the total number of agents.
Source: Decentralized Decision-Making In A Large Team With Local Information[
http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6WFW-484V9T8-4&_user=10&_handle=W-WA-A-A-AV-MsSAYVW-UUA-AUCBZZEZVC-ZVDWEZZC-AV-U&_fmt=summary&_coverDate=05%2F31%2F2003&_rdoc=6&_orig=browse&_srch=%23toc%236805%232003%23999569997%23421090!&_cdi=6805&view=c&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=cc27914da976cca1ba991f4e6fc07c40
], P. Rusmevichientong - paatrusstanford.edu, b. van roy, DOI:
10.1016/S0899-8256(03)00006-X, May 2003
Contributed by Pritha Das - prithadas01yahoo.com

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