Game theory and the laws of Thailand
The evolution of game theory into the magic bullet of the real economic world A typical conclusion of game theory is the realization that a balance (equilibrium) results from the given situation, which is most useful for all participants (Nash Equilibrium). The strictly dominant strategy in game theory models is a strategy that offers the highest benefit among all possible strategies, regardless of what the other actors (players, agents) do. Effects on legal structures and decisions – rules of the game and playing with the rules in Thailand All decisions of the legislator are based on game-theoretic considerations or at least they should be. This applies for example to the […]
Read moreThe good standing of a Thai business
Certificate of Good Standing for a Thai company Good standing describes the status of any entity as in compliance with certain standards. In the usual business life, a company is in good standing, if it is in-line with its legal, tax, financial, and reporting obligations. Contractual violations and defaults as well as fraud and other criminal activities are usually not included in this definition. However, the term must be formulated and defined individually for each specific case and intended use. Seven categories in Thailand: Concerning the good standing of a Thai company, these seven aspects should be considered: (i) proper registration at the company register as an operating business with […]
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Read moreThailand’s gold – and how it outshines gold-pegged tokens
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Read moreBeyond healthcare, trust Thailand for medical tourism
Beyond Healthcare, Trust Thailand. Thailand as the medical hub for medical hospitality ventures.
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