scholarly journals A Variational Formula for Risk-Sensitive Reward

2017 ◽  
Vol 55 (2) ◽  
pp. 961-988 ◽  
Author(s):  
V. Anantharam ◽  
V. S. Borkar
Mathematics ◽  
2021 ◽  
Vol 9 (3) ◽  
pp. 230
Author(s):  
Elena Parilina ◽  
Stepan Akimochkin

In stochastic games, the player’s payoff is a stochastic variable. In most papers, expected payoff is considered as a payoff, which means the risk neutrality of the players. However, there may exist risk-sensitive players who would take into account “risk” measuring their stochastic payoffs. In the paper, we propose a model of stochastic games with mean-variance payoff functions, which is the sum of expectation and standard deviation multiplied by a coefficient characterizing a player’s attention to risk. We construct a cooperative version of a stochastic game with mean-variance preferences by defining characteristic function using a maxmin approach. The imputation in a cooperative stochastic game with mean-variance preferences is supposed to be a random vector. We construct the core of a cooperative stochastic game with mean-variance preferences. The paper extends existing models of discrete-time stochastic games and approaches to find cooperative solutions in these games.


2021 ◽  
Vol 136 ◽  
pp. 125-144
Author(s):  
Damian Jelito ◽  
Marcin Pitera ◽  
Łukasz Stettner

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Julián Pozuelo ◽  
Manuel Ritoré

Abstract We consider an asymmetric left-invariant norm ∥ ⋅ ∥ K {\|\cdot\|_{K}} in the first Heisenberg group ℍ 1 {\mathbb{H}^{1}} induced by a convex body K ⊂ ℝ 2 {K\subset\mathbb{R}^{2}} containing the origin in its interior. Associated to ∥ ⋅ ∥ K {\|\cdot\|_{K}} there is a perimeter functional, that coincides with the classical sub-Riemannian perimeter in case K is the closed unit disk centered at the origin of ℝ 2 {{\mathbb{R}}^{2}} . Under the assumption that K has C 2 {C^{2}} boundary with strictly positive geodesic curvature we compute the first variation formula of perimeter for sets with C 2 {C^{2}} boundary. The localization of the variational formula in the non-singular part of the boundary, composed of the points where the tangent plane is not horizontal, allows us to define a mean curvature function H K {H_{K}} out of the singular set. In the case of non-vanishing mean curvature, the condition that H K {H_{K}} be constant implies that the non-singular portion of the boundary is foliated by horizontal liftings of translations of ∂ ⁡ K {\partial K} dilated by a factor of 1 H K {\frac{1}{H_{K}}} . Based on this we can define a sphere 𝕊 K {\mathbb{S}_{K}} with constant mean curvature 1 by considering the union of all horizontal liftings of ∂ ⁡ K {\partial K} starting from ( 0 , 0 , 0 ) {(0,0,0)} until they meet again in a point of the vertical axis. We give some geometric properties of this sphere and, moreover, we prove that, up to non-homogeneous dilations and left-translations, they are the only solutions of the sub-Finsler isoperimetric problem in a restricted class of sets.


Energies ◽  
2021 ◽  
Vol 14 (5) ◽  
pp. 1365
Author(s):  
Mukul Chankaya ◽  
Ikhlaq Hussain ◽  
Aijaz Ahmad ◽  
Irfan Khan ◽  
S.M. Muyeen

This paper presents Nyström minimum kernel risk-sensitive loss (NysMKRSL) based control of a three-phase four-wire grid-tied dual-stage PV-hybrid energy storage system, under varying conditions such as irradiation variation, unbalanced load, and abnormal grid voltage. The Voltage Source Converter (VSC) control enables the system to perform multifunctional operations such as reactive power compensation, load balancing, power balancing, and harmonics elimination while maintaining Unity Power Factor (UPF). The proposed VSC control delivers more accurate weights with fewer oscillations, hence reducing overall losses and providing better stability to the system. The seamless control with the Hybrid Energy Storage System (HESS) facilitates the system’s grid-tied and isolated operation. The HESS includes the battery, fuel cell, and ultra-capacitor to accomplish the peak shaving, managing the disturbances of sudden and prolonged nature occurring due to load unbalancing and abnormal grid voltage. The DC link voltage is regulated by tuning the PI controller gains utilizing the Salp Swarm Optimization (SSO) algorithm to stabilize the system with minimum deviation from the reference voltage, during various simulated dynamic conditions. The optimized DC bus control generates the accurate loss component of current, which further enhances the performance of the proposed VSC control. The presented system was simulated in the MATLAB 2016a environment and performed satisfactorily as per IEEE 519 standards.


2021 ◽  
pp. 103087
Author(s):  
Gangyi Huang ◽  
Minglin Shen ◽  
Tao Zhang ◽  
Fuliang He ◽  
Shiyuan Wang

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