Abstract The paper aims to develop our understanding of the processes and mechanisms leading to economic instability. The research design and methods: the paper employs a simple game-theoretic model aimed at depicting why the mechanism connecting nonmaterial motivation of managers and the propensity of economic systems is unstable. The findings are as follows: managers, driven by the nonmaterial value of work, choose strategies that maximize the likelihood of prolonging their employment. Shortsighted CEOs may prefer strategies that offer smooth returns and an unlikely “catastrophic event.” If the unification of strategies occurs, the situation leads to a crisis and recession in the long run. The model put forth in this paper is shown to resemble the mechanism of the 2007-2008 financial crisis.

中文翻译：

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不平衡机制：当管理决策导致宏观经济不稳定时

摘要本文旨在加深我们对导致经济不稳定的过程和机制的理解。研究设计和方法：本文采用一个简单的博弈论模型，旨在描述连接管理者非物质动机和经济制度倾向的机制为何不稳定。研究结果如下：在工作的非物质价值驱动下，管理者选择能够最大化延长其就业机会的策略。目光短浅的首席执行官可能更喜欢能带来平稳回报和不太可能发生的“灾难性事件”的战略。如果战略统一发生，从长远来看，局势将导致危机和衰退。本文提出的模型显示出类似于2007-2008年金融危机的机制。