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:	Okyay UÇAN, İbrahim AYTEKİN
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	game theory mathematics economics nash equilibrium Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/f5f07ca4644b47988fc22b04393c9a64
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spelling	oai:doaj.org-article:f5f07ca4644b47988fc22b04393c9a642021-11-24T09:21:04ZAN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY2148-416310.9761/JASSS759https://doaj.org/article/f5f07ca4644b47988fc22b04393c9a642019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=1830162084_39U%C3%A7an%20Okyay-vd_S-747-757.pdf&key=26615https://doaj.org/toc/2148-4163In 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.Okyay UÇANİbrahim AYTEKİNFırat Universityarticlegame theorymathematicseconomicsnash equilibriumSocial SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 6, Iss 18, Pp 747-757 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	game theory mathematics economics nash equilibrium Social Sciences H Social sciences (General) H1-99
spellingShingle	game theory mathematics economics nash equilibrium Social Sciences H Social sciences (General) H1-99 Okyay UÇAN İbrahim AYTEKİN AN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY
description	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.
format	article
author	Okyay UÇAN İbrahim AYTEKİN
author_facet	Okyay UÇAN İbrahim AYTEKİN
author_sort	Okyay UÇAN
title	AN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY
title_short	AN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY
title_full	AN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY
title_fullStr	AN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY
title_full_unstemmed	AN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY
title_sort	empirical analyses of dynamic game models on economy in accordance with game theory
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/f5f07ca4644b47988fc22b04393c9a64
work_keys_str_mv	AT okyayucan anempiricalanalysesofdynamicgamemodelsoneconomyinaccordancewithgametheory AT ibrahimaytekin anempiricalanalysesofdynamicgamemodelsoneconomyinaccordancewithgametheory AT okyayucan empiricalanalysesofdynamicgamemodelsoneconomyinaccordancewithgametheory AT ibrahimaytekin empiricalanalysesofdynamicgamemodelsoneconomyinaccordancewithgametheory
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AN EMPIRICAL ANALYSES OF DYNAMIC GAME MODELS ON ECONOMY IN ACCORDANCE WITH GAME THEORY

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