Using Game Theory to Improve Government Acquisition
April 2018 • Video
William E. Novak
Our team is conducting research to describe and quantify the acquisition “game” being played using modeling and simulation to frame the misaligned incentives.
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Abstract
Misalignment of incentives both between contractors and with the government is one of the causes of poor acquisition outcomes, including wasted effort, lost time, and poor results.To address these problems, our team is conducting research to describe and quantify the acquisition “game” being played using modeling and simulation to frame the misaligned incentives. By using game theory to frame these situations, we can design incentives to promote cooperation and improve results.
Watch Bill Novak in this SEI Cyber Minute as he describes "Using Game Theory to Improve Government Acquisition".