The Economic Application of Game Theory on the Case of Least Development Countries (LDCs)

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001847" target="_blank" >RIV/47813059:19520/11:#0001847 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Economic Application of Game Theory on the Case of Least Development Countries (LDCs)
Original language description
Game theory is a mathematical discipline that studies the choice strategies by interacting rational participants. The basis of the game theory analysis is to determine which strategy is the best response to the strategies chosen by the other participants. Game theory is a scientific metaphor, it's not only about finding a strategy in mere games but also in other areas of human activity, particularly in economics and defence, and in transport, agriculture ect. There are many variants of game theory: a game with two or more participants, with zero or non-zero sum, with perfect or imperfect information, with dominant strategy equilibrium or Nash equilibrium. In some games, one participant always wins and the other loses, in another ones both of them can get. The paper aims at the game theory application in international relations, the possibility of applying the above-mentioned groups of games in trade policy and international economics is analyzed, emphasizing the group of the Least Deve
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
PROCEEDINGS OF THE 29TH INTERNATIONAL CONFERENCE ON MATHEMATICAL METHODS IN ECONOMICS 2011, PTS I AND II
ISBN
978-80-7431-058-4
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
455-461
Publisher name
PROFESSIONAL PUBLISHING
Place of publication
Praha
Event location
Jánksá Dolina, SR
Event date
Jan 1, 2011
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000309074600075

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