The Confusion of IS and OUGHT in Game Theoretic Contexts

Article Abstract:

The distinction between normative and positive theoretical statements in a game theoretic context is explored from a bayesian perspective. Normative and positive theoretical statements are often confused in decision making resesarch. The confusion results from some unique epistemological and methodological problems associated with cognitive behavior as an object for scientific inquiry. From a Bayesian perspective which acknowledges the importance of incomplete information and imperfect theories of behavior, the confusion is unnecessary.

Decision theory, Management Science, Decision Making, Theory, Game Theory, Bayesian Theory

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A game-theoretic model of corporate takeovers by major stockholders

Article Abstract:

The exchange between decision power and cash among stockholders is modeled for a firm in which there are two major stockholders. The feasibility and profitability of corporate takeovers is investigated. The existence of pairs of Nash equilibrium strategies is shown to exist under certain conditions, allowing one major stockholder to assume company control. Threat-resistant strategies are solved for both major players, and a threat-resistant Nash equilibrium model solution is provided.

Management, Stockholders, Investor relations, Tender offers (Securities), Tender offers

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A game theoretic approach to collections and disbursements

Article Abstract:

In an effort to cut collection float, some companies use lock boxes that are serviced by the local depository banks. Also, a growing number of large companies are introducing controlled disbursements for bill payment, thus increasing their control over the disbursement float. The article covers the lock box location conflict and also the disbursement bank location conflict.

Methods, Accounting and auditing, Collection (Accounting), Debtor and creditor, Payment

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