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math.AP2026
Mean Field Games without Rational Expectations
Benjamin Moll, Lenya Ryzhik
Mean Field Game (MFG) models implicitly assume "rational expectations", meaning that the heterogeneous agents being modeled correctly know all relevant transition probabilities for…
math.AP2024
Diffusion of knowledge and the lottery society
Henri Berestycki, Alexei Novikov, Jean-Michel Roquejoffre +1
The Lucas-Moll system is a mean-field game type model describing the growth of an economy by means of diffusion of knowledge. The individual agents in the economy advance their kno…