Workers Nash Equilibrium: Application Of Game Theory In Business
Game theory is a tool in decision - making where actors make a choice in response to the anticipated course of actions of a competitor. It shows the thinking of players knowing that actions of one would affect actions of the rest of the players. This study involved 235 employees of various small to medium business establishments in Davao City. They were asked to respond to a hypothetical scenario where the y take co- workers as potential competitor to a promotion . Four matrices were constructed which contained the strategies and their corresponding pay- offs. The responses were empirically tested to determine likelihood of strategies given the respondents characteristics using multinomial logistic regression.
Volume (Year): 2 No 1 Paper 1 April (2012)
Issue (Month): 1 (April)
|Contact details of provider:|| Web page: http://www.fareastjournals.com/journal_detail.aspx?jid=22|
When requesting a correction, please mention this item's handle: RePEc:fej:artcal:v:2a:y:2012:i:1:p:1-11. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Chau)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.