Using Fuzzy Game Theory on IPO's Pricing Behavior
- Kuang-Hua Hsu 0, Jian-Fa Li, Hon-Jenq Fan
- Corresponding Author
- Kuang-Hua Hsu
0Chaoyang University of Technology
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- https://doi.org/10.2991/jcis.2006.177How to use a DOI?
- Pricing behavior; Underwriting system; IPO; Fuzzy game theory
- The purpose of this research is to explore the IPO pricing behavior in an underwriting system by applying the fuzzy game theory. Results of this study are: (1) The application of the fuzzy game theory is more consistent with the uncertainty relationship of human interference between independent and dependent variables in practice with profit return function as a potential function. Rewards for underwriters can be judged according to the principle of experience, which copes with actual situations more properly. (2) Differences of satisfaction exist between underwriters and issuing companies for IPO pricing in the underwriting system. Profit or satisfaction exchange can be conducted appropriately during the process of negotiating offering prices. (3) The comparison of profit changes and satisfaction sensitivity between underwriters and issuing companies can be served as a reference of exchange and increase in satisfaction for underwriters and issuing companies
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Kuang-Hua Hsu AU - Jian-Fa Li AU - Hon-Jenq Fan PY - NaN/NaN DA - NaN/NaN TI - Using Fuzzy Game Theory on IPO's Pricing Behavior BT - 9th Joint International Conference on Information Sciences (JCIS-06) PB - Atlantis Press UR - https://doi.org/10.2991/jcis.2006.177 DO - https://doi.org/10.2991/jcis.2006.177 ID - HsuNaN/NaN ER -