APPLICATION OF GAME THEORY IN ECONOMICS

Journal: Science Journal "NovaInfo" (Vol.1, No. 55)

Publication Date: 2016-12-01

Authors : Amineva Aysylu Rustemovna;

Page : 252-255

Keywords : GAME THEORY; WIN; LOSS; PAYOFF MATRIX OF THE GAME; THE CONFLICT SITUATION;

Source : Download Find it from : Google Scholar

Abstract

This article discusses the use of game theory in economics. Game theory is a branch of mathematical economics. It develops recommendations for rational action actors with their diverging interests. Game theory helps businesses make the best decision in a conflict situation.

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APPLICATION OF GAME THEORY IN ECONOMICS

Abstract

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