Game theoretic prioritization system and method

• US 9,311,670 B2
• Filed: 09/15/2009
• Issued: 04/12/2016
• Est. Priority Date: 09/10/2004
• Status: Active Grant

• Current Assignee: Steven Mark Hoffberg
• Original Assignee: Steven Mark Hoffberg
• Inventors: Hoffberg, Steven M.
• Primary Examiner(s): Apple, Kirsten
• Application Number:
  US12/560,293
• Publication Number:
  US 20100235285A1
• Time in Patent Office: 2,401 Days
• Field of Search: 705/35, 705/36.R
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/0652 e-cash with decreasing value according to a parameter, e.g. time
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/308 using the Internet of Things
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 50/188 Electronic negotiation
• CPC Class Codes: H04W 4/029 Location-based management or tracking services

Abstract

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.

Claims

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.