2410. Decision-Making in Idea Management with an Extensive Form Game
Invited abstract in session WE-5: Multiobjective Decision Making with Uncertainty, Risk and Fairness Considerations, stream Decision Theory and Multi-criteria Decision Making.
Wednesday, 16:30-18:00Room: H7
Authors (first author is the speaker)
| 1. | Inese Bula
|
| Department of Mathematics, University of Latvia, and Institute of Mathematics and Computer Science of University of Latvia |
Abstract
The paper presents novel perspective on idea management by applying game theory concepts. Idea management is a system that helps to generate, develop, and implement ideas. One of the stages of the idea management process is the acceptance and rejection of ideas. This paper looks an application of game theory to idea management, by considering "idea generators" and "idea acceptors" as two players with possible different opinions within an innovation process. The extensive form of the game corresponds to the sequential nature of the idea management process. Taking into account the uncertain payoffs, the model adds realism. The aim of this work is to develop a methodology to deal with uncertainty in idea management, proposing the Nash equilibrium as one of the solutions.
Keywords
- Game Theory
- Decision Theory and Analysis
- Equilibria
Status: accepted
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