Sunday, 8 March 2009

Game Theory & Hospital Management - Chess - Poker - Cooperation


Game theory first became recognised following the publication of the book Theory of Games and Economic Behavior (1944) by John von Neumann & Oskar Morgenstern. It has wide application for decision support in many aspects of life. The article below briefly discusses how game theory can be useful for enabling effective hospital management.

The hospital manager and game theory: chess master, poker player, or cooperative game player?


Abstract:
Hospital management can be seen as a game, and doctors, nurses, and health maintenance organizations are its players. The astute hospital manager realizes the interdependence of individual career strategies and the hospital's success, just as players in a game are interdependent on each other. Managers familiar with game theory may successfully transfer that knowledge to the hospital realm. They may recognize patterns and calculate outcomes like chess players, bluff other hospitals into folding services as poker players do, and cooperate with their own team to maximize productivity. Knowledge of game theory may also make the hospital manager's job.

Reference:
The hospital manager and game theory: chess master, poker player, or cooperative game player?
Dowd SB, Root A. [Diagnostic and Therapeutic Services, University of Alabama at Birmingham, Birmingham, AL 35294-1212, USA. sdowd@uab.edu]
Health Care Manag (Frederick). 2003 Oct-Dec;22(4):305-10.
PMID: 14672441 [PubMed - indexed for MEDLINE]

1 comment:

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