Abstract
We modeled interactions between government agencies and public as games of risk information disclosure using game theory, interpreted the public payoff structure using March and Simon's theory of satisficing decision-making, and interpreted the government agencies' payoff structures using Tversky and Kahneman's cumulative prospect theory. In the case of risk neutral value function, we classified interactions between government agencies and public into four games: a voluntary disclosure game, an assurance game, an information searching game, and a compulsory disclosure game. And in the case of risk seeking value function, we classified into five games: a voluntary disclosure game, a chicken game, a trust game, an information searching game, and a compulsory disclosure game.
