Analysis of a Finite State Many Player Game Using Its Master Equation
Analysis of a Finite State Many Player Game Using Its Master Equation is a scholarly work, published in 2018 in ''SIAM Journal on Control and Optimization''. The main subjects of the publication include master equation, Monetary-disequilibrium theory, differential game, initial value problem, partial differential equation, biological function, differential equation, applied mathematics, mathematics, econophysics, and stochastic differential equation. The authors show that the value function of each of the players can be approximated by the solution of a partial differential equation called the master equation.