Purpose – The purpose of this paper is to show that an evolutionary approach to combat money laundering can shed new lights on this matter. Design/methodology/approach – An evolutionary game between financial institutions and employees is assumed in which the decisions of the banks and...

Purpose – Seeks to discuss the European Union's decision in December 2004 to begin debating Turkey's formal application to join the EU marks the beginning of what could be a prolonged decade of game‐playing by both the Union and the applicant from Istanbul. Design/methodology/approach –...

Purpose – The purpose of this short paper is to provide an alternative method to explain the reason why the outcome of the ultimatum game based on the well‐known self‐interest model is not feasible in real life. Design/methodology/approach – Contrary to traditional models which treat...

Views Game Theory, as a long‐time companion model and guide for the exploration of negotiations, as having not only reached its limits but, perhaps, as having become counter‐productive in the search for greater understanding and skill. Suggests that a more powerful heuristic model may be...

Purpose – The purpose of this paper is to analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance...

Purpose – The purpose of this paper is to examine the regulation of advertising by considering market‐driven firms (those seeking to keep within the boundaries set by social and industry norms) and market drivers (those seeking to stretch boundaries to gain a competitive advantage). Thought...