NEAR-OPTIMUM INCENTIVE POLICIES IN STOCHASTIC TEAM PROBLEMS WITH DISCREPANCIES IN GOAL PRECEPTIONS.

Derya H. Cansever, Tamer Basar

Research output: Contribution to journalConference articlepeer-review

Abstract

A two-agent stochastic team decision problem is considered with a hierarchical decision structure in a general Hilbert space setting. One of the agents has a different perception of the common team objective functional, as quantified in terms of a finite dimensional parameter vector. The other hierarchically superior agent, uninformed about this discrepancy, but endowed with a suitable information structure, designs a near-optimal incentive policy so that the incurred value of the original team functional is arbitrarily close to its global optimum, in spite of the existing discrepancy. The general solution is determined by some orthogonality relations in some appropriately constructed probability measure spaces.

Original languageEnglish (US)
Pages (from-to)1188-1193
Number of pages6
JournalProceedings of the IEEE Conference on Decision and Control
StatePublished - 1984

ASJC Scopus subject areas

  • Control and Systems Engineering
  • Modeling and Simulation
  • Control and Optimization

Fingerprint

Dive into the research topics of 'NEAR-OPTIMUM INCENTIVE POLICIES IN STOCHASTIC TEAM PROBLEMS WITH DISCREPANCIES IN GOAL PRECEPTIONS.'. Together they form a unique fingerprint.

Cite this