AN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY
In this study origin and definition of the game theory and relationships of it between mathematics and economics are given. Game Theory is a branch of empirical mathematics that deals with the cases of strategic decisions of unit’s gain due to the other ones reciprocally. Generally, game theory is a...
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| Autores principales: | , |
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| Formato: | article |
| Lenguaje: | DE EN FR TR |
| Publicado: |
Fırat University
2019
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| Materias: | |
| Acceso en línea: | https://doaj.org/article/f5f07ca4644b47988fc22b04393c9a64 |
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| Sumario: | In this study origin and definition of the game theory and relationships of it between mathematics and economics are given. Game Theory is a branch of empirical mathematics that deals with the cases of strategic decisions of unit’s gain due to the other ones reciprocally. Generally, game theory is a discipline that investigates the process of allocation of two or more decision takers in the shortage of resources. In the game theory decision takers are called as players and these players choose to make a profit. Dynamic games are one of the important parts of the game theory. Dynamic games consist of consequent movements. In the game one of the players observe the other one and spurt as to this. These games are named as trees. Nash equilibrium that John Nash emphasized and took the Nobel Prize from in 1994 is the key subject of our study. Following the explanation of the formation of the game tree, dynamic game of Nash equilibrium is emphasized. It is asserted to apply the dynamic game in the game theory to an economic model. In the empirical part there exists a simulation of strategy war between Nigde soda water and foreign Cola firm. In the game of capturing the market, after establishing the game tree according to the strategies of the firms reciprocally dominant strategy is determined. As a result of the strategy against foreign Cola firm that Nigde firm settles, Nigde soda water prevents the foreign firm entering into the Nigde market. |
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