An Application of Game Theory in Strategic Decision of Family Planning

Prajapati, Hari Ram (2014): An Application of Game Theory in Strategic Decision of Family Planning.

Abstract

Family planning is determined by a set of strategies that provide a way to policy makers for scheming population growth. There are two way for reducing fertility rate; first is by making laws and secondly by self control. The democratic county like India, it is not possible to control it forcibly, so there is only second way to reduce fertility. The decisions related to family planning is taken by the two important player wife and husband, but their decisions influenced by the various factors such as; cost of nurturing children, income of husband and wife, family assets, educational level of husband and wife and marring age of couple. The expected utility theory is applied for knowing the expected returns from children. The study is based on the field Survey data of 150 sample newly married couple in western Delhi.

• Item Type: MPRA Paper
• Language: English
• Keywords: Family Planning, Strategic Decision and Expected Utility theory
• Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C71 - Cooperative Games; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C78 - Bargaining Theory ; Matching Theory

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