Quantum game strategy solution for R&D cartel: Reorganizing government R&D investment strategy in Korea.
This study reevaluates criticism of the Korean government's R&D investment strategy, which was considered an 'R&D cartel' and was cited as a reason for the Korean government's R&D cuts in 2023, through an advanced framework of quantum game theory. By modeling the inte...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2024-01-01
|
| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0308355 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1846129418604380160 |
|---|---|
| author | Dongkyu Won Jongyeon Lim BangRae Lee |
| author_facet | Dongkyu Won Jongyeon Lim BangRae Lee |
| author_sort | Dongkyu Won |
| collection | DOAJ |
| description | This study reevaluates criticism of the Korean government's R&D investment strategy, which was considered an 'R&D cartel' and was cited as a reason for the Korean government's R&D cuts in 2023, through an advanced framework of quantum game theory. By modeling the interaction between the government and researchers as a quantum information strategy game, it redefines the dynamics of R&D investment as a quantum game involving two key players: the R&D manager (Alice) and the research performer (Bob). This quantum game, akin to the Prisoner's Dilemma but focused on responsibility and sincerity, allows for the exploration of strategic complexities and decision-making dynamics not possible in classical models. It introduces quantum entanglement and superposition as innovative strategies to shift the paradigm of R&D investment, suggesting that terms like 'R&D bureaucracy' and 'R&D monopoly' more accurately describe the moral hazards in this sector than 'R&D cartel'. Through simulations, the paper demonstrates how quantum strategies can significantly alter outcomes, providing fresh insights and policy alternatives for R&D innovation. This research not only challenges conventional investment frameworks but also proposes a novel approach for achieving Pareto optimal outcomes in government R&D investments, emphasizing the transformative potential of quantum game theory in strategic decision-making and policy development. |
| format | Article |
| id | doaj-art-c84f2e12c0e14b198d6e419b5b7da29b |
| institution | Kabale University |
| issn | 1932-6203 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj-art-c84f2e12c0e14b198d6e419b5b7da29b2024-12-10T05:32:23ZengPublic Library of Science (PLoS)PLoS ONE1932-62032024-01-011912e030835510.1371/journal.pone.0308355Quantum game strategy solution for R&D cartel: Reorganizing government R&D investment strategy in Korea.Dongkyu WonJongyeon LimBangRae LeeThis study reevaluates criticism of the Korean government's R&D investment strategy, which was considered an 'R&D cartel' and was cited as a reason for the Korean government's R&D cuts in 2023, through an advanced framework of quantum game theory. By modeling the interaction between the government and researchers as a quantum information strategy game, it redefines the dynamics of R&D investment as a quantum game involving two key players: the R&D manager (Alice) and the research performer (Bob). This quantum game, akin to the Prisoner's Dilemma but focused on responsibility and sincerity, allows for the exploration of strategic complexities and decision-making dynamics not possible in classical models. It introduces quantum entanglement and superposition as innovative strategies to shift the paradigm of R&D investment, suggesting that terms like 'R&D bureaucracy' and 'R&D monopoly' more accurately describe the moral hazards in this sector than 'R&D cartel'. Through simulations, the paper demonstrates how quantum strategies can significantly alter outcomes, providing fresh insights and policy alternatives for R&D innovation. This research not only challenges conventional investment frameworks but also proposes a novel approach for achieving Pareto optimal outcomes in government R&D investments, emphasizing the transformative potential of quantum game theory in strategic decision-making and policy development.https://doi.org/10.1371/journal.pone.0308355 |
| spellingShingle | Dongkyu Won Jongyeon Lim BangRae Lee Quantum game strategy solution for R&D cartel: Reorganizing government R&D investment strategy in Korea. PLoS ONE |
| title | Quantum game strategy solution for R&D cartel: Reorganizing government R&D investment strategy in Korea. |
| title_full | Quantum game strategy solution for R&D cartel: Reorganizing government R&D investment strategy in Korea. |
| title_fullStr | Quantum game strategy solution for R&D cartel: Reorganizing government R&D investment strategy in Korea. |
| title_full_unstemmed | Quantum game strategy solution for R&D cartel: Reorganizing government R&D investment strategy in Korea. |
| title_short | Quantum game strategy solution for R&D cartel: Reorganizing government R&D investment strategy in Korea. |
| title_sort | quantum game strategy solution for r amp d cartel reorganizing government r amp d investment strategy in korea |
| url | https://doi.org/10.1371/journal.pone.0308355 |
| work_keys_str_mv | AT dongkyuwon quantumgamestrategysolutionforrampdcartelreorganizinggovernmentrampdinvestmentstrategyinkorea AT jongyeonlim quantumgamestrategysolutionforrampdcartelreorganizinggovernmentrampdinvestmentstrategyinkorea AT bangraelee quantumgamestrategysolutionforrampdcartelreorganizinggovernmentrampdinvestmentstrategyinkorea |