Improving Initial Condition in Coordination Failures

• Main Authors: Dumlao, Luis F, Amante, Helen U, Unidad-Tolentino, Pilar
• Format: text
• Published: Archīum Ateneo 2024
• Subjects: Reaction Function; Logistic Function; Coordination Failure; Business; Economics; Macroeconomics; Social and Behavioral Sciences
• Online Access: https://archium.ateneo.edu/leadership-and-strategy-faculty-pubs/37; https://www.scirp.org/pdf/jss2024124_31768414.pdf
• Institution: Ateneo De Manila University

Given initial condition in a social system, we aim to introduce an individual’s reaction function that is a logistic function resulting in a logistic curve. With the use of stylized modelling and simulation, we show the following. First, while coordination may be a solution to solve coordination fai...