Title | Behavioral Analytics for Myopic Agents. |
Publication Type | Journal Article |
Year of Publication | 2023 |
Authors | Mintz, Y, Aswani, A, Kaminsky, P, Flowers, E, Fukuoka, Y |
Journal | Eur J Oper Res |
Volume | 310 |
Issue | 2 |
Pagination | 793-811 |
Date Published | 2023 Oct 16 |
ISSN | 0377-2217 |
Abstract | Many multi-agent systems have a single coordinator providing incentives to a large number of agents. Two challenges faced by the coordinator are a finite budget from which to allocate incentives, and an initial lack of knowledge about the utility function of the agents. Here, we present a behavioral analytics approach for solving the coordinator's problem when the agents make decisions by maximizing utility functions that depend on prior system states, inputs, and other parameters that are initially unknown. Our behavioral analytics framework involves three steps: first, we develop a model that describes the decision-making process of an agent; second, we use data to estimate the model parameters for each agent and predict their future decisions; and third, we use these predictions to optimize a set of incentives that will be provided to each agent. The framework and approaches we propose in this paper can then adapt incentives as new information is collected. Furthermore, we prove that the incentives computed by this approach are asymptotically optimal with respect to a loss function that describes the coordinator's objective. We optimize incentives with a decomposition scheme, where each sub-problem solves the coordinator's problem for a single agent, and the master problem is a pure integer program. We conclude with a simulation study to evaluate the effectiveness of our approach for designing a personalized weight loss program. The results show that our approach maintains efficacy of the program while reducing its costs by up to 60%, while adaptive heuristics provide substantially less savings. |
DOI | 10.1016/j.ejor.2023.03.034 |
Alternate Journal | Eur J Oper Res |
PubMed ID | 37554315 |
PubMed Central ID | PMC10406492 |
Grant List | K23 NR011454 / NR / NINR NIH HHS / United States UL1 TR000004 / TR / NCATS NIH HHS / United States |