scholarly journals Conceptual & economic modelling on whistleblowing decision-making phenomena

2015 ◽  
Vol 12 (3) ◽  
pp. 534-540
Author(s):  
Shewangu Dzomira

The whistleblower is always in a dilemma situation whenever making a decision on whether to blow or not blow the whistle after observing unethical behavior or wrongdoing. This paper provides conceptual model and an economic model for whistleblowing decision making phenomena through mixed strategies of the game theory. The instinctual issue of whistleblowing game’s mixed equilibrium would be that the probabilities rest on the opponent’s payoffs and not on the player’s own payoffs. Even if blowing the whistle is not really definite, a satisfactorily high chance of disinterring the wrongdoing ought to discourage commission of unethical behavior.

2015 ◽  
Vol 4 (4) ◽  
pp. 52-74 ◽  
Author(s):  
David S. Bathory

Within the field of Economics there is great interest in predicting the future. In creating Economic Models the rationale has been to create fixed equations that can account for all variables associated with the issues of capital, labor, wages, prices, tariffs and taxes but few models explored the human variable. Probability Statistics bases decision making models upon mathematical predictions. Game Theory is an economic model that begins to explain the rationale of human decision making, but fails to account for flawed thinking and pathology. Relational Dynamics attempts to provide a means of understanding the strategies used in communication and decision making. Within humanity, not all decisions are made rationally and to account for illogical choices, psychology has provided theories of pathology to explain human idiosyncrasies. This paper will explore personality disorders as described by the DSM V and Relational Dynamics in an attempt to understand how pathology influences relationships, decision making and behavioral economics.


2019 ◽  
Vol 71 (1) ◽  
pp. 7-34 ◽  
Author(s):  
Atsushi Kajii ◽  
Stephen Morris

AbstractThis paper presents a simple framework that allows us to survey and relate some different strands of the game theory literature. We describe a “canonical” way of adding incomplete information to a complete information game. This framework allows us to give a simple “complete theory” interpretation (Kreps in Game theory and economic modelling. Clarendon Press, Oxford, 1990) of standard normal form refinements such as perfection, and to relate refinements both to the “higher-order beliefs literature” (Rubinstein in Am Econ Rev 79:385–391, 1989; Monderer and Samet in Games Econ Behav 1:170–190, 1989; Morris et al. in Econ J Econ Soc 63:145–157, 1995; Kajii and Morris in Econ J Econ Soc 65:1283–1309, 1997a) and the “payoff uncertainty approach” (Fudenberg et al. in J Econ Theory 44:354–380, 1988; Dekel and Fudenberg in J Econ Theory 52:243–267, 1990).


2019 ◽  
Vol 20 (4) ◽  
pp. 307-320
Author(s):  
Alina Czapla

The game theory (GT) is not only a part of mathematics, but also one of the most popular optimization techniques supporting decision making. Its achievements are currently used in many fields. However, this theory has a special place in economics and management. Operating on the market, companies make a number of decisions that resemble a game with moves made by players. It turns out that GT can also be successfully translated into management needs. The aim of the article is to answer the question about the possibilities of using game theory in management. A wide range of applications of this theory has been shown. Limitations related to its use in management were also indicated.


2019 ◽  
Vol 12 (1) ◽  
pp. 138
Author(s):  
W. A. V. Souza ◽  
M. C. Malavazi

Game Theory is a mathematical approach to the study of decision making between individuals when each outcome depends on the decisions of others, ie, one should not make an arbitrary decision, but decide based on what they think the decision of their "opponent" will be, knowing that they think the same. Developed by John von Neumann and Oskar Morgenstern in 1944 in the book Theory of Games and Economic Behavior, it had been very contested since its launch, but the works of a genius named John Nash, winner of the Nobel Prize in economics in 1994, ended these contestations. This work shows that the Game Theory was not limited to the field of economics, but expanded to other areas, such as biology, explaining strategies used by species to survive. As results are presented more than ten models based on the principles of Game Theory, among them the Prisoner's Dilemma, Ice Cream Vendors Game, Clean City Law and Warning Song between Bird.


2021 ◽  
Vol 292 ◽  
pp. 01031
Author(s):  
Yuxing Li ◽  
Hao Wu ◽  
Yu Shi ◽  
Hao Li ◽  
Xuefeng Gao ◽  
...  

In order to effectively alleviate the congestion of power exchange stations, the game theory was used to discuss the spatial characteristics of electric vehicle power exchange demand, analyze the decision making and game process of electric vehicle users specifically. Moreover, on the basis of the research, the specific way of setting the price of the exchange station was proposed and the game mathematical model was constructed.


2000 ◽  
Vol 6 (4) ◽  
pp. 237-246 ◽  
Author(s):  
Paulius Gaučas ◽  
Edmundas Kazimieras Zavadskas

The task of decision-making in constructing industry becomes more difficult because of rapid technical upgrowth. According to aims, circumstances and opportunity decisions are determined. Disagreement situation arises at this point. Uprising opportunities and influence of circumstances of aims, they are often contradicting each other. Constructing a building, one must look for decision of more favourable conditions for situation and minimum expenditure, but to guarantee a high reliability, so disagreement situation arises. Exacting requirements of quality logically are bound up with expensive realisation [4]. Decision must be optimum and as much as possible satisfy “goodness” indications of decision. However, “goodness” valuation is indefinite conception and disobeys black-and-white logic [Zadeh]. In this case one can understand decision like a conflict in the game theory, where the information is not always defined. To solve the problem the fuzzy sets theory can be used. Using the game theory, elements can be formulated indefinitely and a new model can be made [3]. Trying to estimate the aims of conflicts, the circumstances that influence the decision are divided into two groups. The first group—circumstances of inherent influence—defines what a decision-maker must attain (for example, to maximise quality) and describes strategy of the first player. The second group—circumstances of outward influence—defines what a decision-maker must estimate as a limitation (for example, to minimise price) and describes strategy of the second player. Dependence between inherent and outward circumstances in this step is formed. There is no clear limit in fuzzy sets theory between dependence (circumstance 1) and independence (circumstance 0) of elements on definite set. Dependence degree of element x on A set, is described by μ A (x) function (1), (2). The valuation in fuzzy sets theory takes place at three levels. At the first level meanings of dependence on inherent circumstances are calculated (1), (2), and matrix is determined (Fig 2). According to formula (3), dependence degree on each alternative is calculated. In the second level meanings of dependence on outward circumstances are calculated according to the formula (1), (2) and the matrix is filled in (Fig 3). At the third level the results of first two levels are summed. Using operator of minimum general matrix of decisions-making is determined (Fig 4), According to the general matrix, the indefinite matrix of decision-making is determined (Fig 5). Minimax principle makes the decision. The received result is optimal, because it satisfies the aim causing the conflict. In the paper, the example of a private house is selected, using the described method. This method may be used to make decisions, when the task is of conflicting character. Competently distributing circumstances of influence or parameters of valuation by two aspects (inherent and outward) it can be explained the mean of conflicting character, and interpretation using the described method can be made.


Author(s):  
Zheng Tang

Abstract This article utilizes the game theory to assess the feasibility and weaknesses of different methods to promote international judicial cooperation. It starts by justifying the game theory as a proper model to understand the pattern of interaction between states. It then applies typical games to analyse states’ decision-making process. It suggests that states should not update their domestic laws to unilaterally offer judicial cooperation to other countries even if reciprocity is adopted to urge other states to cooperate. The only effective means is through an international judicial cooperation treaty, which encounters relatively small compliance and enforcement problems. The first-mover disadvantage at the ratification stage is not a fundamental barrier and may disappear over time. The battle-of-the-sexes game at the negotiation stage can be mitigated through the facilitation of a reputable institute, increasing cooperation interests and needs and reducing cooperation standards.


2019 ◽  
Vol 7 (2) ◽  
pp. 11-19
Author(s):  
K S DhanyaShankar

 Game theory is the formal study of conflict and cooperation. Game theoretic concepts apply whenever the actions of several agents are interdependent. These agents may be individuals, groups, firms, or any combination of these. The concepts of game theory provide a language to formulate structure, analyse, and understand strategic scenarios. Supermarkets are one such industry which is characterized by narrow profit margin and cut throat competition which had necessitated the need for the formulation and implementation of strategic decision. This interplay of decision making is similar to that of a game. This game of strategy can be used to test the real world theoretical implications of game theory. Thus from this context there arises the need of a study to test the game theory against the experimental evidences of real world economy and the analysis of the implications of game theory in experimental economics.


Decision making tools provides substantial supports to companies as to optimize their strategies with respect to their competitors. The end users or say the consumers’ satisfaction plays the key role in the Decision making. The application under this research work is based on two giants of the social networking sites viz Facebook and Instagram. The primary requirement of a Game theory model is to have such competitors or says players and their interaction parameters. The first step is to identify the common features between these two players which satisfy the interaction criterion. These are the called interactive strategies under consideration. A heterogeneous group of frequent users of these two social networking sites is selected using simple random sampling. The reliability of the questionnaire, formed on the basis of interactive parameters, is tested by using Cronbach's alpha test. The graphical and descriptive statistics give the initial trends of the end users. The regression analysis is carried out where the intercept data is collected as payoff values. This leads to the formation of the two player Game theory model. As the final result, the optimum strategies of each player and the value of the game are calculated. The interpretation of the calculated values reflects the influence of decision making for the optimum strategies under the game theory model.


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