Ownership : Game theory

Perspective
Should I take ownership in the pandemic hit world?

DOI: 10.13140/RG.2.2.30836.48004
 Let’s Play the Ownership Game

4/6/2021 Shriwant Choudhary 2

Players and Outcomes

Players Response

Employees Ownership (O), No Ownership (NO)

Employers Reward (R), No Reward (NR)

4/6/2021 Shriwant Choudhary 3

Employee’s Response Dynamics

Ownership & Ownership but No Ownership No Ownership

Reward No Reward but Reward and No Reward

How much I learn High High Low Low

How do I feel High Low High Neutral

Probability to sustain High Low Low Neutral

Employee’s Payoff* 1 0.8 0.2 0.1

*See Annexure
4/6/2021 Shriwant Choudhary 4
Employer's Response Dynamics

Ownership & Ownership but No Ownership No Ownership

Reward No Reward but Reward and No Reward

Output High High Low Low

Cost High Low High Low

Probability to sustain High Low Low Low

Employer’s Payoff* 0.9 0.8 0 0.1

*See Annexure
4/6/2021 Shriwant Choudhary 5
Payoff Matrix
Reward No Reward

Ownership (1, 0.9) (0.8, 0.8) Employee’s

Dominant Strategy

No Ownership (0.2, 0) (0.1, 0.1)

Employer’s
Dominant
Strategy

4/6/2021 Shriwant Choudhary 6

Results:

Take Ownership, no matter what your

employer does!

4/6/2021 Shriwant Choudhary 7

Annexure
Weightage for Weightage for
Response Parameter Response
Employee Employer
Learning 70% -
Feeling 20% - High – 0%
Cost
Low – 100%
Output - 70%
Cost - 10% Output, Learning, High – 100%
Sustainability 10% 20% Feeling, Sustainability Low – 0%

4/6/2021 Shriwant Choudhary 8