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Applications of Game Theory in Microeconomics
2022
Journal of Education, Humanities and Social Sciences
Game theory has been used as a potent analytical tool by numerous areas since its inception. It has been more popular in microeconomic analysis in recent years. It is not an exaggeration to claim that it completely rewrites microeconomics. The major ideas of game theory are summarized in this paper, as well as their application in microeconomics. This study examines the three elements and key types of game theory in its fundamental material. The Nash equilibrium and other equilibria expanded by
doi:10.54097/ehss.v2i.777
fatcat:nwqb2hxlsbh6tmcaustht3w56a