Multidimensional Preference Game and Extreme Dispute Resolution for Optimal Compensation of House Expropriation
Although the compensation for house expropriation has increased significantly in recent years, the conflicts persist. The subjects in the expropriation process have multiple behavioral preferences, such as self-interest, loss aversion, and inequity aversion, and the expropriation process is hampered...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-05-01
|
| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/11/11/2444 |
| _version_ | 1797597118401085440 |
|---|---|
| author | Linshu Qiu Dongxiao Yang Kairong Hong |
| author_facet | Linshu Qiu Dongxiao Yang Kairong Hong |
| author_sort | Linshu Qiu |
| collection | DOAJ |
| description | Although the compensation for house expropriation has increased significantly in recent years, the conflicts persist. The subjects in the expropriation process have multiple behavioral preferences, such as self-interest, loss aversion, and inequity aversion, and the expropriation process is hampered by extreme disputes on expropriation compensation. In order to make the houseowners agree to the expropriation immediately and tackle the root of extreme disputes, this paper establishes a two-stage sequential game model involving local government and two houseowners, analyzes the different payoff situations under multidimensional preferences, and finds out the optimal compensation standard. Then, through a case analysis, the TOPSIS method is used to determine the ideal strategy when the houseowners are simultaneously considering three preferences. The optimal compensation standard’s value is discovered to be significantly influenced by the houseowners’ behavioral preferences, but the compensation cannot be raised by excessive attention to the reference point and other houseowners. |
| first_indexed | 2024-03-11T03:02:17Z |
| format | Article |
| id | doaj.art-0a15d9ec98884edcb5c3e3bc32acfcde |
| institution | Directory Open Access Journal |
| issn | 2227-7390 |
| language | English |
| last_indexed | 2024-03-11T03:02:17Z |
| publishDate | 2023-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Mathematics |
| spelling | doaj.art-0a15d9ec98884edcb5c3e3bc32acfcde2023-11-18T08:12:07ZengMDPI AGMathematics2227-73902023-05-011111244410.3390/math11112444Multidimensional Preference Game and Extreme Dispute Resolution for Optimal Compensation of House ExpropriationLinshu Qiu0Dongxiao Yang1Kairong Hong2Business School, Central South University, Changsha 410083, ChinaSchool of Economics and Trade, Hunan University of Technology and Business, Changsha 410205, ChinaBusiness School, Central South University, Changsha 410083, ChinaAlthough the compensation for house expropriation has increased significantly in recent years, the conflicts persist. The subjects in the expropriation process have multiple behavioral preferences, such as self-interest, loss aversion, and inequity aversion, and the expropriation process is hampered by extreme disputes on expropriation compensation. In order to make the houseowners agree to the expropriation immediately and tackle the root of extreme disputes, this paper establishes a two-stage sequential game model involving local government and two houseowners, analyzes the different payoff situations under multidimensional preferences, and finds out the optimal compensation standard. Then, through a case analysis, the TOPSIS method is used to determine the ideal strategy when the houseowners are simultaneously considering three preferences. The optimal compensation standard’s value is discovered to be significantly influenced by the houseowners’ behavioral preferences, but the compensation cannot be raised by excessive attention to the reference point and other houseowners.https://www.mdpi.com/2227-7390/11/11/2444behavioral preferencemultidimensional preferencehouse expropriation compensationextreme dispute |
| spellingShingle | Linshu Qiu Dongxiao Yang Kairong Hong Multidimensional Preference Game and Extreme Dispute Resolution for Optimal Compensation of House Expropriation Mathematics behavioral preference multidimensional preference house expropriation compensation extreme dispute |
| title | Multidimensional Preference Game and Extreme Dispute Resolution for Optimal Compensation of House Expropriation |
| title_full | Multidimensional Preference Game and Extreme Dispute Resolution for Optimal Compensation of House Expropriation |
| title_fullStr | Multidimensional Preference Game and Extreme Dispute Resolution for Optimal Compensation of House Expropriation |
| title_full_unstemmed | Multidimensional Preference Game and Extreme Dispute Resolution for Optimal Compensation of House Expropriation |
| title_short | Multidimensional Preference Game and Extreme Dispute Resolution for Optimal Compensation of House Expropriation |
| title_sort | multidimensional preference game and extreme dispute resolution for optimal compensation of house expropriation |
| topic | behavioral preference multidimensional preference house expropriation compensation extreme dispute |
| url | https://www.mdpi.com/2227-7390/11/11/2444 |
| work_keys_str_mv | AT linshuqiu multidimensionalpreferencegameandextremedisputeresolutionforoptimalcompensationofhouseexpropriation AT dongxiaoyang multidimensionalpreferencegameandextremedisputeresolutionforoptimalcompensationofhouseexpropriation AT kaironghong multidimensionalpreferencegameandextremedisputeresolutionforoptimalcompensationofhouseexpropriation |