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)The email address of this maintainer does not seem to be valid anymore. Please ask Jim Chau to update the entry or send us the correct email address
If references are entirely missing, you can add them using this form.