The Win-Win-Win Papakonstantinidis Model - A Behavioral Analysis in Dynamical Systems - The Non Instrumental Rationality Paradox (Case-Study: Hellenic Benefactors)
Proceedings of the 1st International Symposium on Business, Economics and Financial Applications, pp.305-329, 2012
Posted: 19 Jun 2012
Date Written: June 19, 2012
Abstract
The paper deals with the timely “bargaining instrumental rationality” behavioral problem, for approaching the world market as a “state of disorder’s" dynamic system (chaos) with the property of been very sensitive to initial conditions (i.e stock exchange, time prices, etc), taking into consideration the density of its periodic orbits. Starting from the point of bargain-energy, as well as the hypothesis that market has the possibility of steering the socio-economic behavior the authors argues for the necessity of new methodological behavioral approaches, focusing on what the new-liberal school of thought concerns as a paradox: Not Instrumental Rationality Situations (i.e Altruism, Benefactors etc.). The authors' tables in the social-scientific dialogue the alternative of combining dynamic behavioral systems analysis with the game theory and thus suggests the concept of the “intermediate community” or the “win-win-win papakonstantinidis model” for (behavioral) conflict resolution analysis According to concept, a minimum interference(the third attractor) with the initial conditions of the sensitive market system is likely to affect the entire system over time (the butterfly effect). A multi-variable logistic regression, is necessary for the “win-win-win” applications (sigmoid curve). The suggested “win-win-win papakonstantinidis model” - analytical and methodological tool characterized by its “beauty and symmetry” may contribute toward understanding a “state of disorder”, by the mechanism of a dynamic system/the butterfly effect.
Keywords: behavioral analysis, instrumental rationality, bargaining problem, games theory, win-win-win papakonstantinidis model, state of disorder, butterfly assumption, symmetry dynamic systems, steering behavior, the 3rd attractor, logistic regression, the S curve
JEL Classification: H70, C70, C71
Suggested Citation: Suggested Citation