Game Theory and Quantitative Economics

Guocheng Wang

Chapter 5 in Quantitative Economics in China:A Thirty-Year Review, 2016, pp 59-77 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In its early days, game theory was considered as a part of mathematical economics and operational research in mathematics. Its application sphere expands constantly and it has currently been applied to various fields of natural sciences and human and social sciences. In recent years, because of its sophisticated and innovative studies on human behaviors and the development of new theoretical branches of modern economics such as behavioral economics and experimental economics, game theory has made remarkable breakthroughs and has been widely used in China. The successful application of game theory which has brought significant results reflects the development of Chinese quantitative economics and reveals some new trends in it such as the reform of methodology caused by the refocalization of contemporary economics on behavior.

Keywords: Quantitative Economics; Mathematical Economics; Econometrics; Game Theory (search for similar items in EconPapers)
JEL-codes: C00 (search for similar items in EconPapers)
Date: 2016
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