
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.
Behavioural game analysis for three participants in construction project based on theory of information asymmetries
Xiang Pengcheng、Ren Hong
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.
information asymmetries / construction project / behavioural risk of participants / risk management / game theory
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