TL;DR
Deep multi-agent reinforcement learning (RL) in pricing markets faces issues like tacit cartel formation and actor-critic instability. The authors developed a continuous-time multi-agent RL benchmark to analyze these failures and proposed a partial fix through asynchrony and observation latency.
✦ Why It Matters
Engineers can apply insights on asynchrony and latency to improve multi-agent RL systems in pricing scenarios.
Key Takeaways
How It Works
The study uses a continuous-time multi-agent reinforcement learning (CT-MARL) benchmark to simulate pricing markets. By introducing asynchrony and observation latency, the researchers were able to reduce collusion among agents.
The collusion index was measured to quantify the effectiveness of the proposed solutions.
⚠ The Catch
The proposed fix only partially addresses the collusion issue, as the collusion index remains above the ideal level, and it does not resolve the instability caused by high event rates in the actor-critic framework.
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