Behavioural game analysis for three participants in construction project based on theory of information asymmetries

Xiang Pengcheng、Ren Hong

Strategic Study of CAE ›› 2010, Vol. 12 ›› Issue (9) : 101-106.

PDF(702 KB)
PDF(702 KB)
Strategic Study of CAE ›› 2010, Vol. 12 ›› Issue (9) : 101-106.

Behavioural game analysis for three participants in construction project based on theory of information asymmetries

  • Xiang Pengcheng、Ren Hong

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Abstract

The behavioural game model among the participants of general project and government investment project was established based on exploring the game relationships of the participants in construction project.Nash equilibrium of mixed strategy game was analyzed.Some countermeasures of resolving nonstandard behavior of participants in construction project such as building perfect system of construction management,the mechanism of supervision & punishment,the mechanism of incentive & constraint and so on were also presented at last.

Keywords

information asymmetries / construction project / behavioural risk of participants / risk management / game theory

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Xiang Pengcheng,Ren Hong. Behavioural game analysis for three participants in construction project based on theory of information asymmetries. Strategic Study of CAE, 2010, 12(9): 101‒106
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