The National Science Foundation (NSF) awarded a $360,000 Project Grant under the NSF Engineering program (CFDA 47.041) to the University of Illinois to conduct research on "INCENTIVE DESIGN: LEARNING, INTERACTION HIERARCHIES, AND BEHAVIORAL TRAITS." The project aims to develop mathematical models and analysis to understand how incentives can be designed to induce desired behaviors, addressing limitations of existing incentive design mechanisms. The research will draw on various fields, including control theory, game theory, and behavioral economics, and will investigate applications in the power systems domain for coordinating distributed energy resources. The award period is from Sep 1, 2024, to Aug 31, 2027. The University of Illinois, a leading public research institution, will serve as the prime grantee and will not involve any sub-awards for this project.
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