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Applied Game Theory

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Excerpt from Research Proposal:

Applied Game Theory

download word file, 7 pages (61KB)

Document Type: Research Proposal
General Topic: Accounting / Finance - Economics
Citation Style: MLA
School Level: Doctoral
Sources: 27
Views: 78
Words: 3063
Pages: 7
Paper #: 42745036

...... This research has implications for the business world, as it examines the likelihood that one will take actions that are selfishly motivated, or whether they would take cooperative actions. It is applicable to many competitive environments, such as oligopolies, monopolies, and other market structures. Often economists forget that psychological traits are intimately linked to business decisions. This research will bridge the studies of psychology and economics in an attempt to develop better predictive models in the future

High Tolerance and Low Tolerance Risk-Taking Profile and Cooperator/Defector Prediction in the Prisoners Dilemma

I. Introduction
A. Primary Research Question: Does risk tolerance predict selfish behavior or cooperative behavior in the Prisoners Dilemma Game?
1. Information needed for support: This research will require information from two different branches of academic study. It will explore academic journals related to risk tolerance and that which is related to the Prisoners Dilemma in game theory. It will also need to explore how these factors affect various business decisions regarding cooperation between firms and the affect of prisoners dilemma on business strategy in different market settings......

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