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1 mar 1991 · This paper provides an overview of game theory, in particular its applications in finance. Traditional models in which the uninformed agent moves first are examined initially, and this is...
1 sty 2013 · Accounting from a game-theoretic view posits that accounting data affects, and is affected by, strategic interaction within and across firms. This view holds that the accounting process alters the strategic interaction among agents, by impinging on their incentives...
Abstract. Game theory can be defined as the study of mathematical mod-els of conflict and cooperation between intelligent and rational decision makers (Myerson 1991). Game-theory concepts apply in economy, sociology, biology, and health care, and whenever the actions of several agents (individuals, groups, or
Game Theory Models in Accounting 51 1. Design of Performance Measures The Mirrlees/Holmstrom formulation of the principal-agent model with moral hazard has been a workhorse for accounting researchers. The model develops tradeoffs in the use of noisy signals to reward and motivate an
In this work, we discuss how game theory, especially the principal-agent model, is becoming more significant in the domains of finance and management accounting. Mathematical models of conflict and cooperation between utility optimizers whose
1 sty 2013 · This chapter provides a broad survey of game-theoretic research bearing on financial decision making, beginning with an assessment of pre-game-theoretic financial models and results – including asset pricing models, market efficiency, and classic results in corporate finance.
1 maj 2002 · In this paper we give insight into the growing role of game theory, and particularly of the principal-agent model, for the important fields of finance and managerial accounting.
