engleski

Application of Game Theory on the Example of the Constituents of the University of Rijeka

Game theory is getting more and more important in many social and natural sciences today. Using game theory, members of the game try to bring decisions that will enable them to get the most possible benefit. This paper is based on a game with a leader and two followers: the University of Rijeka (UNIRI) as the leader, while the followers are the Faculty of Economics (FE) and the Faculty of Tourism and Hospitality Management (FTHM). The strategies of their doctoral studies are presented. Both faculties want to offer high-quality doctoral studies in order to attract more PhD students. That would bring UNIRI closer to the goal: to be one of the three hundred best European universities by the year 2020. Presumptions of achieving the goal are rational decisions of its constituents, FE and FTHM. Hypothetical values are used in the paper, taking into account that the aim of the paper is not to form optimal strategies of the leader and the followers, but to consider the importance of the usage of game theory in higher education. The possibilities that players use are represented by the strategies of cooperation, folk theorem and tit for tat.

game theory ; higher education ; doctoral studies ; Faculty of Economics ; Faculty of Tourism and Hospitality Management

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