Conceptual & economic modelling on whistleblowing decision - Making phenomena

Abstract

The whistleblower is always in a dilemma situation whenever making a decision on whether to blow or not blow the whistle after observing unethical behavior or wrongdoing. This paper provides conceptual model and an economic model for whistleblowing decision making phenomena through mixed strategies of the game theory. The instinctual issue of whistleblowing game’s mixed equilibrium would be that the probabilities rest on the opponent’s payoffs and not on the player’s own payoffs. Even if blowing the whistle is not really definite, a satisfactorily high chance of disinterring the wrongdoing ought to discourage commission of unethical behavior.