Exploring Information Symmetry and the Size in the Team with the Choices Between Personal and Common Interests in the Group

DOI

10.2991/978-94-6463-124-1_42How to use a DOI?

Keywords

team cooperation; game theory; behavioral economics; information symmetry

Abstract

Teamwork is extremely important from everyday life to international relations. Nonetheless, plenty of issues are created during collaboration. To be specific, there is free rider problem, unequal distribution, outcome distribution. This article argues, through a cross-section of literature and experimental methods, and cross-applying classical economics, behavioral economics, psychology, and game theory. Through research on game theory, the theory can help humans to better allocate and utilize resources and accomplish tasks more efficiently. Literature and experiment approaches are used in this work. Paper conclude expected person types including Committed collaborators, Generous contributors, free rider, cooperative gamblers, non-cooperative gamblers, Swing players, Cooperative leader, threatening leader, Deliberate saboteurs. In this paper, the reasons that willing to collaborate are fairness tendency, donation motivation, high information symmetry, Appropriate punishment facilitates teamwork, efficient team size. On the contrary, reasons of unwilling to collaborate include: Traditional rational person, hitchhiking behavior, unwillingness to free-riding behavior. To collaborate more efficiently, this article proposes that smaller team size, higher information symmetry is required.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yihao Wu
PY  - 2023
DA  - 2023/03/29
TI  - Exploring Information Symmetry and the Size in the Team with the Choices Between Personal and Common Interests in the Group
BT  - Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
PB  - Atlantis Press
SP  - 353
EP  - 361
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-124-1_42
DO  - 10.2991/978-94-6463-124-1_42
ID  - Wu2023
ER  -