Research on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences

The main purpose of this paper is to study the influence of game players’ behavior preferences on the strategy choice and equilibrium results in the game process of large-scale engineering projects’ extreme disputes. In contrast to the self-interested preference and completely rational assumptions o...

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Autores principales:	Ren Tan, Kairong Hong
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	extreme dispute multidimensional preference set fairness preference loss aversion preference project decision-making Mathematics QA1-939
Acceso en línea:	https://doaj.org/article/7ac0c9ce915b43ba8b49ff6b15117fa9
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id	oai:doaj.org-article:7ac0c9ce915b43ba8b49ff6b15117fa9
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spelling	oai:doaj.org-article:7ac0c9ce915b43ba8b49ff6b15117fa92021-11-25T18:17:22ZResearch on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences10.3390/math92229402227-7390https://doaj.org/article/7ac0c9ce915b43ba8b49ff6b15117fa92021-11-01T00:00:00Zhttps://www.mdpi.com/2227-7390/9/22/2940https://doaj.org/toc/2227-7390The main purpose of this paper is to study the influence of game players’ behavior preferences on the strategy choice and equilibrium results in the game process of large-scale engineering projects’ extreme disputes. In contrast to the self-interested preference and completely rational assumptions of traditional economics, this paper focuses on the discussion of loss aversion preference and fairness preference against the background of incomplete information about the game subject. Considering the influence of the decision-makers’ multidimensional preferences, this paper establishes a three-party game model for the government, the project construction units, and the public. Furthermore, the equilibrium results of four different types of extreme disputes are deduced using the game method. We deduce the evolutionary paths and equilibrium characteristics and discuss them in combination with actual cases in China in an attempt to provide theoretical support and scientific analysis tools to avoid serious disputes and conflict decision results. Through research, this paper finds that the transformation of prior beliefs, the role of multidimensional preference sets, and a lack of information between the game players in the game process are key to the evolution of project disputes into extreme dispute decisions.Ren TanKairong HongMDPI AGarticleextreme disputemultidimensional preference setfairness preferenceloss aversion preferenceproject decision-makingMathematicsQA1-939ENMathematics, Vol 9, Iss 2940, p 2940 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	extreme dispute multidimensional preference set fairness preference loss aversion preference project decision-making Mathematics QA1-939
spellingShingle	extreme dispute multidimensional preference set fairness preference loss aversion preference project decision-making Mathematics QA1-939 Ren Tan Kairong Hong Research on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences
description	The main purpose of this paper is to study the influence of game players’ behavior preferences on the strategy choice and equilibrium results in the game process of large-scale engineering projects’ extreme disputes. In contrast to the self-interested preference and completely rational assumptions of traditional economics, this paper focuses on the discussion of loss aversion preference and fairness preference against the background of incomplete information about the game subject. Considering the influence of the decision-makers’ multidimensional preferences, this paper establishes a three-party game model for the government, the project construction units, and the public. Furthermore, the equilibrium results of four different types of extreme disputes are deduced using the game method. We deduce the evolutionary paths and equilibrium characteristics and discuss them in combination with actual cases in China in an attempt to provide theoretical support and scientific analysis tools to avoid serious disputes and conflict decision results. Through research, this paper finds that the transformation of prior beliefs, the role of multidimensional preference sets, and a lack of information between the game players in the game process are key to the evolution of project disputes into extreme dispute decisions.
format	article
author	Ren Tan Kairong Hong
author_facet	Ren Tan Kairong Hong
author_sort	Ren Tan
title	Research on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences
title_short	Research on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences
title_full	Research on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences
title_fullStr	Research on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences
title_full_unstemmed	Research on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences
title_sort	research on extreme dispute decisions of large-scale engineering projects from the perspective of multidimensional preferences
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/7ac0c9ce915b43ba8b49ff6b15117fa9
work_keys_str_mv	AT rentan researchonextremedisputedecisionsoflargescaleengineeringprojectsfromtheperspectiveofmultidimensionalpreferences AT kaironghong researchonextremedisputedecisionsoflargescaleengineeringprojectsfromtheperspectiveofmultidimensionalpreferences
_version_	1718411390014717952

Research on Extreme Dispute Decisions of Large-Scale Engineering Projects from the Perspective of Multidimensional Preferences

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