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Related Experiment Video

Updated: May 16, 2026

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
06:18

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm

Published on: October 20, 2022

Evolutionary game research on multi-agent collaboration within financial reporting internal control.

Xujun Zhai1, Chenhuan Kou2

  • 1Minjiang University, Fuzhou, China.

Scientific Reports
|May 14, 2026
PubMed
Summary

Effective internal control over financial reporting (ICFR) requires collaboration. Evolutionary game theory shows that well-designed incentives and punishments encourage cooperation among the board, management, and employees, preventing financial misconduct.

Keywords:
Evolutionary game theoryInternal control over financial reportingJacobian matrixMulti-agent coordination

Related Experiment Videos

Last Updated: May 16, 2026

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
06:18

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm

Published on: October 20, 2022

Area of Science:

  • Behavioral Economics
  • Financial Reporting
  • Game Theory

Background:

  • Internal control over financial reporting (ICFR) is vital for preventing financial scandals and economic losses.
  • Effective ICFR depends on coordinated cooperation among all involved entities.
  • Understanding multi-agent behavioral dynamics is key to achieving robust internal controls.

Purpose of the Study:

  • To model the internal control system using evolutionary game theory to understand multi-agent collaboration.
  • To analyze the evolutionary strategies and influencing factors of the board of directors, management, and employees.
  • To investigate the impact of reward-punishment mechanisms, cost inputs, and rent-seeking on system evolution.

Main Methods:

  • Application of evolutionary game theory to model the internal control system.
  • Dynamic modeling involving the board of directors, management, and employees.
  • Jacobian matrix analysis and numerical simulations to explore agent strategy evolution.

Main Results:

  • Reward-punishment mechanisms, cost inputs, and rent-seeking significantly influence agent strategies and system evolution.
  • Well-designed incentives and constraints enhance proactive engagement and mitigate rent-seeking behavior.
  • Insufficient incentives or lax supervision increase the risk of internal control deficiencies.

Conclusions:

  • Cooperative pathways among key agents in financial reporting control are clarified.
  • Targeted practical recommendations for fostering multi-agent collaboration in ICFR are provided.
  • Incentive and constraint mechanisms are crucial for guiding the internal control system toward a positive equilibrium.