  In this paper, we consider discrete-time partially observed mean-field games
with the risk-sensitive optimality criterion. We introduce risk-sensitivity
behaviour for each agent via an exponential utility function. In the game
model, each agent is weakly coupled with the rest of the population through its
individual cost and state dynamics via the empirical distribution of states. We
establish the mean-field equilibrium in the infinite-population limit using the
technique of converting the underlying original partially observed stochastic
control problem to a fully observed one on the belief space and the dynamic
programming principle. Then, we show that the mean-field equilibrium policy,
when adopted by each agent, forms an approximate Nash equilibrium for games
with sufficiently many agents. We first consider finite-horizon cost function,
and then, discuss extension of the result to infinite-horizon cost in the
next-to-last section of the paper.
