Evolutionary game theory analysis for understanding the decision-making mechanisms of governments and developers on green building incentives

2020 ◽  
Vol 179 ◽  
pp. 106972 ◽  
Author(s):  
Ke Fan ◽  
Eddie C.M. Hui
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Evolutionary Game Theory ◽  
Evolutionary Game ◽  
Green Building ◽  
Theory Analysis

Trust strategy simulation of corporation–NPO cross alliance using evolutionary game theory

Kybernetes ◽  
2017 ◽  
Vol 46 (3) ◽  
pp. 450-465 ◽  
Author(s):  
Yidan Chen ◽  
Lanying Sun
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Nonprofit Organizations ◽  
Bounded Rationality ◽  
Evolutionary Game Theory ◽  
Evolutionary Game ◽  
Stable State ◽  
Evolutionary Strategies ◽  
Content Type ◽  
Trust Relationships

Purpose The purpose of this paper is to investigate the dynamics and evolution of trust in organizational cross alliances. Design/methodology/approach In alliances between corporations and nonprofit organizations, trust in decision-making is a dynamic process. Using the replicated dynamics model of evolutionary game theory, this paper provides a trust decision model and analyzes four scenarios under different parameters. A numerical simulation is developed to present an intuitive interpretation of the dynamic development of trust decisions and the effects of incentive and punishment mechanisms. Findings Under different parameters, bounded rationality and utilities result in different but stable evolutionary strategies; the initial probability of adopting a trust strategy leads directly to whether participants adopt the strategy when the system reaches stability after continued games; and incentive and punishment mechanisms can significantly reduce the initial probability of adopting a trust strategy where the system evolves to meet stable state needs. Practical implications The establishment of trust relationships is an important influence on the stable and coordinated development of an alliance. The proposed model can help the alliance build closer trust relationships and provide a theoretical basis for the design of the trust mechanism. Originality/value Incentive and punishment bound by some degree of trust are introduced to address the problems of trust decisions and their dynamics; the model created reflects the bounded rationality and utility of each game stage. Useful evolutionary stable strategies using different variables are proposed to address the decision-making problems of trust in cross alliances.

Evolutionary Game Theory

2021 ◽  
Vol 1 (2) ◽  
pp. 20-28
Author(s):  
Arij Michel
Keyword(s):  
Game Theory ◽  
Institutional Change ◽  
Evolutionary Game Theory ◽  
Evolutionary Game ◽  
Evolutionary Games ◽  
Future Research ◽  
Theory Analysis ◽  
Game Analysis ◽  
Advantages And Disadvantages ◽  
Development Direction

The article uses evolutionary game theory analysis as the research object, which is the most commonly used research method of institutional change, and summarizes some methods in the research of institutional change, and points out the advantages and disadvantages of evolutionary game analysis in the research of institutional change and through the comparison of cutting-edge methods and evolutionary games to see the development direction of future research institutional changes.

Sign in / Sign up

Export Citation Format

Share Document