International Journal of Social Science & Economic Research
Submit Paper

Title:
A STUDY OF GAME THEORY AND ITS APPLICATION IN ECONOMICS

Authors:
MOHD TARIQ

|| ||

MOHD TARIQ
Associate Professor, Dept. of Economics, G. F. College, Shahjahanpur

MLA 8
Tariq, Mohd. "A STUDY OF GAME THEORY AND ITS APPLICATION IN ECONOMICS." Int. j. of Social Science and Economic Research, vol. 3, no. 12, Dec. 2018, pp. 7554-7557, ijsser.org/more2018.php?id=553. Accessed Dec. 2018.
APA 6
Tariq, M. (2018, December). A STUDY OF GAME THEORY AND ITS APPLICATION IN ECONOMICS. Int. j. of Social Science and Economic Research, 3(12), 7554-7557. Retrieved from ijsser.org/more2018.php?id=553
Chicago
Tariq, Mohd. "A STUDY OF GAME THEORY AND ITS APPLICATION IN ECONOMICS." Int. j. of Social Science and Economic Research 3, no. 12 (December 2018), 7554-7557. Accessed December, 2018. ijsser.org/more2018.php?id=553.

References

[1]. Binmore, K.G. Game theory: a very short introduction; Oxford University Press, 2007.
[2]. Fudenberg, D.; Tirole, J. Game theory; Mit Press (Cambridge, Mass), Cambridge, 2002.
[3]. Camerer, C.F. Behavioral Game Theory: Experiments in Strategic Interaction; Prince- ton University Press, Princeton, 2011.
[4]. Romp, G. Game Theory: Introductions and Applications; Oxford University Press, Oxford, 1997.
[5]. Heifetz, A. Game theory: interactive strategies in economics and management; Cam- bridge University Press, Cambridge, 2012.
[6]. Ichiishi, T. Game theory for economic analysis, first edition; Academic Press, New York,
[7]. 1983.
[8]. Zagare, F.C. Game theory: concepts and applications; Beverly Hills, Sage Publications,
[9]. 1986.
[10]. Morgenstern, O.; Von Neumann, J. Theory of games and economic behavior [M]; Prince- ton university press, Princeton, 1944.

Abstract:
In this research article, we introduce Game theory has been used as a potent analytical tool by numerous areas since its inception. The major ideas of game theory are summarized in this paper, as well as their application in microeconomics. This research article also gives an overview and definition of relevant terminologies related to this theory like a game, Nash equilibrium, and dominance which form the basis of the theory con- cept. Finally, in the last section, it also focuses on extensive games, mixed strategies, with both perfect and imperfect information, and their relevant practical application of the concept as applied in the field of economics.

IJSSER is Member of