An MCDM-based game-theoretic approach for strategy selection in higher education

Ekinci Y., Orbay B. Z., KARADAYI M. A.

Socio-Economic Planning Sciences, cilt.81, 2022 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 81
  • Basım Tarihi: 2022
  • Doi Numarası: 10.1016/j.seps.2021.101186
  • Dergi Adı: Socio-Economic Planning Sciences
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, Academic Search Premier, International Bibliography of Social Sciences, Business Source Elite, Business Source Premier, EconLit, Educational research abstracts (ERA), Index Islamicus, INSPEC, Political Science Complete, Public Affairs Index, Social services abstracts, Sociological abstracts, Worldwide Political Science Abstracts
  • Anahtar Kelimeler: Higher education policy, Strategic interaction, Multi-criteria decision making, Game theory
  • İstanbul Medipol Üniversitesi Adresli: Evet

Özet

This study proposes a framework for universities and governments to select strategies by considering the strategic interactions. The strategic choices of universities and governments can be determined by analyzing the related literature and discussing it with experts in higher education (HE). Because these experts form their evaluations depending on various criteria, the outputs of multi-criteria decision-making (MCDM) models are used to determine payoff values for players by considering all strategic combinations. After constructing the payoff matrix, the Nash equilibrium concept of game theory is used to determine optimal strategies for the universities and governments for simultaneously played games. Sequential versions of the games are also analyzed using backward induction. The results show that in all games constructed using criteria with different weights, either the government or the university, or both, preferred to motivate high-quality academic research. The proposed methodology can be used by the policymakers in the higher education area, both by the central planners (usually the government) and the universities.