Economics and Mathematical Theory of Games

Ajda Fosner
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Ajda Fosner: University of Primorska, Slovenia

Managing Global Transitions, 2012, vol. 10, issue 3 (Fall), 245-256

Abstract: The theory of games is a branch of applied mathematics that is used in economics, management, and other social sciences. Moreover, it is used also in military science, political science, international relations, computer science, evolutionary biology, and ecology. It is a field of mathematics in which games are studied. The aim of this article is to present matrix games and the game theory. After the introduction, we will explain the methodology and give some examples. We will show applications of the game theory in economics. We will discuss about advantages and potential disadvantages that may occur in the described techniques. At the end, we will represent the results of our research and its interpretation.

Keywords: the theory of games; matrix games; economics (search for similar items in EconPapers)
JEL-codes: C7 (search for similar items in EconPapers)
Date: 2012
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