Yogyakarta-July 24, 2020. Student Association and Alumni of the FEB UGM Doctoral Program (IMADEBGAMA) held an online discussion series titled “Behavioral Research Discussion #2”. The activity which was attended by 70 participants who were Students and Alumni of the FEB UGM Doctoral Program raised the topic of Experimental Research and Game Theory with guest speaker Rimawan Pradiptyo, S.E., M.Sc., Ph.D., Chair of the Department of Economics, FEB UGM. Previously, the discussion series “Behavioral Research Discussion #1” held by IMADEBGAMA took place on June 19, 2020 with the topic “Behavioral Research Opportunities and Opportunities” by Dr. BM Purwanto, MBA.
The virtual forum which lasted for three (3) hours was aimed to: i) a means of discussion and knowledge sharing of research with an experimental economics and game theory approach; ii) increase understanding of experimental economics and game theory that can be used in the development of scientific fields of management, economics and accounting; iii) improve the quality of research by using experimental economics and game theory. With the title “Fight Against Covid-19 as a Sprint or Marathon? A Game Theory Modeling”, Lecturer in Economics of Criminality uses the design of a theoretical experimental game or co-19 countermeasure game to see the interaction between representative players between covid-19 and the state (government, business, and society). The battle against the covid-19 is called a pandemic game and is modeled in three by two settings: while the government has three strategies, the covid-19 has two. It also can be modeled as an infinitely repeated game, given the uncertainty of the end of the pandemic.
The covid-19 strategy is assumed to infect or not infect, while the state strategy is assumed to be three (3) ie. without Large-scale Social Restrictions (PSBB), loose PSBB (apply 40% -50% recommendations for epidemiologists), and tight PSBB (apply 90% -100% epidemiologist recommendations). Indonesia’s strategy is to play an infinitely repeated game, because 100 percent of the probability of the covid-19 strategy is to attack and there is no certainty when the game will end due to the possibility of a virus mutation occurring and the potential for the 2nd and 3rd waves of covid-19 before the vaccine is found (2-3 more years). So that the state can be modeled using an evolutionary game with the aim of ensuring the people survive against Covid-19 for whenever this covid-19 pandemic occurs. Furthermore, to survive in the face of covid-19, it is necessary to: i) mobilize all resources to focus on coping with co-19; ii) adapt of all safe life activities to co-19; iii) minimize the impact caused by the co-19 pandemic; and iv) capitalize the Indonesian social values because community with high social capital are the right players to play this game. With the covid-19 strategy “attacking” the state’s payoffs will be negative because whatever strategy the country chooses will cause the economy to contract, the increasing mortality rate and the psychological impact. Finally, safety is the main point agreed upon by economists, given that economists are able to restore a slumped economy, but no economist has been able to revive people who have died. (RP)