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Modelling Titanic and Clash of Clans Games: Theoretical Definition and Application in Current Social Systems

Author

Listed:
  • Jan Mertl

    (University of Finance and Administration, Faculty of Economic Studies)

  • Radim Valencik

    (University of Finance and Administration, Faculty of Economic Studies)

Abstract

This article develops research into Titanic games and the associated concepts anchored in game theory. It defines the conditions under which a Titanic game transitions into a Clash of Clans game and discusses the degree of punishment and its consequences for the nature of the game and the positions of the individual players. The game is analyzed in significant detail, clearly showing what happens when different strategies are chosen. At the same time, the article also looks at the context of social policy and social systems, where the application of the analyzed games is very beneficial, and points to the example of the situation in the Czech health insurance system between 2000 and 2010. The identification of the proposed concepts and their possible existence in socio-economic reality enables us to substantially better see what games are being played or can be played, and as such to gain an understanding of what is happening. The article shows the differences between Titanic and Clash of Clans games and their possible application in current social systems.

Suggested Citation

  • Jan Mertl & Radim Valencik, 2017. "Modelling Titanic and Clash of Clans Games: Theoretical Definition and Application in Current Social Systems," ACTA VSFS, University of Finance and Administration, vol. 11(2), pages 160-185.
    • Handle: RePEc:prf:journl:v:11:y:2017:i:2:p:160-185
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    File URL: https://www.vsfs.cz/periodika/acta-2017-2-04.pdf
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    References listed on IDEAS

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    2. George Akerlof, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 599-617.
    3. Murray Charles, 2008. "Guaranteed Income as a Replacement for the Welfare State," Basic Income Studies, De Gruyter, vol. 3(2), pages 1-12, November.
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    More about this item

    Keywords

    game theory; social systems; cooperative games; non-cooperative games;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • I10 - Health, Education, and Welfare - - Health - - - General
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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