PARADOKS GLASOVANJA U POSLOVNOM UPRAVLJANJU / PARADOX OF VOTING IN BUSINESS MANAGEMENT

Abstract

The game theory as a scientific discipline is the study and analysis of the conflict between two or more parties that have more or less conflicting interests. Most often analyze conflict situations between companies in the market and under certain assumptions try to determine the equilibrium situation, which is at strategy games called the Nash equilibrium according to its author John Nash. However, there are many other situations in which for analyzing the behavior of participants in the conflict may be used the results of game theory. Such a case is the analysis of the various paradoxes that occur when voting in committees, which comprise an odd or even number of members. One such paradox we address in this paper. Within the paper will investigate the theoretical framework of the models of the paradox of voting, and their practical application to business management situations. Through the paper we will first briefly introduce the basic concepts and terms in the field of game theory which are necessary to understand in order to be able to follow the main part of the paper. Then we analyze the theoretical concept of different versions of the paradox of voting, and present the possible application of these models in the world of business management. And at the end we give a number of conclusions.