Including Multi-Objective Game Theory in complex decision making
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2020-07-10
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en
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Abstract
Strategic decisions have to be made in virtually all organizations, and often they involve multiple criteria or objectives. Two frequently used methods in the field of management to describe and analyse complex decisions are Game Theory and Multi-Criteria Decision Analysis (MCDA). This thesis aimed to expand the game theoretical field as it was currently known to management and integrate it with MCDA. The multi-objective game has been presented in managerial terms and its use has been proposed in a process that incorporates both MCDA and Game Theory. Adopting a mixed methods design, this thesis was completed in three phases. The first phase focused on the theoretical contribution of this thesis: developing the multi-objective game for the field of management and integrating the game in the MCDA process. In the second phase the game developed in phase 1 was empirically tested by means of an online experiment in order to observe peoples’ behaviour when they play the game. In the third phase, the researcher performed a meta analysis in order to compare theory and empirical evidence. It was found that the use of the multi-objective game could lead to new insights in the decision making process. In order to identify the true value of the multi-objective game, directions for future research are proposed.
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Faculteit der Managementwetenschappen