Welcome to the InfoSci Platform
Coordination Dynamics in Technology Adoption: Lessons From an Evolutionary Game Theoretical Analysis

Coordination Dynamics in Technology Adoption: Lessons From an Evolutionary Game Theoretical Analysis

Ndidi Bianca Ogbo, The Anh Han
Copyright: © 2024 |Pages: 32
ISBN13: 9798369332269|ISBN13 Softcover: 9798369347171|EISBN13: 9798369332276
DOI: 10.4018/979-8-3693-3226-9.ch016
Cite Chapter Cite Chapter

MLA

Ogbo, Ndidi Bianca, and The Anh Han. "Coordination Dynamics in Technology Adoption: Lessons From an Evolutionary Game Theoretical Analysis." Multisector Insights in Healthcare, Social Sciences, Society, and Technology, edited by Darrell Norman Burrell, IGI Global, 2024, pp. 295-326. https://doi.org/10.4018/979-8-3693-3226-9.ch016

APA

Ogbo, N. B. & Han, T. A. (2024). Coordination Dynamics in Technology Adoption: Lessons From an Evolutionary Game Theoretical Analysis. In D. Burrell (Ed.), Multisector Insights in Healthcare, Social Sciences, Society, and Technology (pp. 295-326). IGI Global. https://doi.org/10.4018/979-8-3693-3226-9.ch016

Chicago

Ogbo, Ndidi Bianca, and The Anh Han. "Coordination Dynamics in Technology Adoption: Lessons From an Evolutionary Game Theoretical Analysis." In Multisector Insights in Healthcare, Social Sciences, Society, and Technology, edited by Darrell Norman Burrell, 295-326. Hershey, PA: IGI Global, 2024. https://doi.org/10.4018/979-8-3693-3226-9.ch016

Export Reference

Mendeley
Favorite

Abstract

The adoption of new technologies by firms is a fundamental driver of technological change, enhancing competitiveness across various industries. Recent advancements in information technologies have amplified the strategic significance of technology in the competitive landscape, reshaping global markets and the workplace. Technological innovation continues at a swift pace, but its success hinges on effective adoption. Embracing new technologies sets businesses apart, fostering innovation, and attracting customers and investors. However, the decision to adopt technology poses challenges, especially regarding which technologies to choose in a dynamical market. Firms often invest in technology to gain a competitive edge, potentially neglecting broader social benefits in the process. This chapter summarises the authors' research on evolutionary dynamics of decision making regarding technology adoption. They employ methods from Evolutionary Game Theory (EGT), exploring scenarios with well-mixed populations and distributed networked environments.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.