The Price of Uncertainty

Abstract

In this work, we study the degree to which small fluctuations in costs in well-studied potential games can impact the result of natural best-response and improved-response dynamics. We call this the Price of Uncertainty and study it in a wide variety of potential games including fair cost-sharing games, set-cover games, routing games, and job-scheduling games. We show that in certain cases, even extremely small fluctuations can have the ability to cause these dynamics to spin out of control and move to states of much higher social cost, whereas in other cases these dynamics are much more stable even to large degrees of fluctuation.

Document Details

Document Type
Pub Defense Publication
Publication Date
Sep 01, 2013
Source ID
10.1145/2509413.2509415

Entities

People

  • Avrim Blum
  • Maria-florina Balcan
  • Yishay Mansour

Organizations

  • Air Force Office of Scientific Research
  • Carnegie Mellon University
  • Division of Computing and Communication Foundations
  • Georgia Tech
  • Israel Science Foundation
  • Israeli Centers for Research Excellence
  • Office of Naval Research
  • Seventh Framework Programme
  • Tel Aviv University

Tags

Fields of Study

  • Economics

Readers

  • Economics
  • Game Theory.
  • Quantum Dot Semiconductor Device Photonics and Graphene Optoelectronic Materials and THz Physics.