Game theoretic prioritization system and method
View Patent ↗A method for allocation among agents, comprising providing to at least two each having a respective wealth generation function adapted to generate a virtual currency; conducting an auction, having an auction outcome with respect to an auction transaction, in which each respective agent bids an amount of the generated virtual currency; and transferring an amount of the generated virtual currency in accordance with the auction outcome, in consideration of an auction transaction.
1. A method for allocation among agents using an automated communication network, comprising:
assigning a wealth generation function which defines an automatic change of future virtual wealth, to each of a plurality of agents, each agent having a communication port configured to interface with the automated communication network;
communicating subjective market information between agents through at least one communications port of the automated communication network; and
transferring a representation of virtual wealth generated by the wealth generation function between agents through at least one communications port of the automated communication network in consideration of a market transaction.
2. The method according to claim 1 , wherein the subjective market information is employed to value an auction outcome by an automated processor.
3. The method according to claim 1 , wherein the market transaction comprises an allocation of a communications resource of the automated communication network.
4. The method according to claim 1 , further comprising the step of transferring at least a portion of the wealth generation function between agents.
5. The method according to claim 4 , wherein the wealth generation function produces a currency having a value which changes over time.
6. The method according to claim 4 , wherein the transfer of the wealth generation function is in consideration of a valuable right transferred between agents.
7. The method according to claim 6 , wherein the subjective market information is employed to value an auction outcome by an automated processor, the market transaction comprises an allocation of a communications resource of the automated communication network, and the wealth generation function produces a currency having a value which changes over time.
8. A system for allocation among agents using an automated communication network, comprising:
a memory storing information defining an assigned wealth generation function which defines an automatic change of future virtual wealth to each of a plurality of agents;
a port configured for communicating subjective market information between agents through the automated communication network; and
an automated processor configured to control a transfer of a representation of virtual wealth generated by the wealth generation function between agents through the automated communication network in consideration of a market transaction.
9. The system according to claim 8 , wherein the subjective market information is employed to value the market transaction in an auction by the automated processor.
10. The system according to claim 8 , wherein the market transaction comprises an allocation of a communications resource of the automated communication network.
11. The system according to claim 8 , wherein the automated processor further controls a transfer of at least a portion of the wealth generation function between agents.
12. The system according to claim 11 , wherein the automated processor produces a currency having a value which changes over time in dependence on the wealth generation function.
13. The system according to claim 11 , wherein the automated processor selectively transfers the wealth generation function in consideration of a valuable right transferred between agents.
14. The system according to claim 13 , wherein the automated processor employs the subjective market information to value the market transaction in an auction, the market transaction comprising an allocation of a communications resource of the automated communication network, the automated processor selectively producing a currency having a value which changes over time in dependence on the wealth generation function.
15. A method for allocation of a right or resource among agents, comprising:
assigning a wealth generation function which defines an automatic change of virtual wealth at a future time to each of a plurality of agents, each agent having a communication port configured to interface with a communication network, the wealth generation function being implemented on an automated processor;
communicating subjective market information between agents through the communication network; and
transferring a representation of virtual wealth generated in accordance with the wealth generation function between agents through the communication network in consideration of a market transaction.
16. The method according to claim 15 , wherein the subjective market information is employed determine a competitive outcome of an auction controlled by an automated processor.
17. The method according to claim 15 , wherein the market transaction comprises an allocation of a communications resource of the communication network.
18. The method according to claim 15 , further comprising the step of transferring at least a portion of the wealth generation function between agents.
19. The method according to claim 18 , wherein the wealth generation function controls the automated processor to produce a currency having a value which changes over time.
20. The method according to claim 18 , wherein the transfer of the wealth generation function is in consideration of a valuable right transferred between agents.
21. The method according to claim 20 , wherein the subjective market information is employed to determine a competitive outcome of an auction by an automated processor, the market transaction comprises an allocation of a communications resource of the communication network, and the wealth generation function controls the processor to produce a currency having a value which changes over time.