What is the relationship between game theory and economics?

Game theory has become one of the standard analytical tools of economics. Widely used in finance, securities, biology, economics, international relations, computer science, political science, military strategy and many other disciplines.

Since 1994, the Nobel Prize in Economics was awarded to three game theory experts. There are seven Nobel Prizes in Economics related to game theory research, namely 1994, which were awarded to John J. Hasani of the University of California, Berkeley, John J. Nash of Princeton University and Reinhard Zelten of Bonn University.

In recognition of these three mathematicians' pioneering contributions to the theory of non-cooperative game equilibrium analysis and their great influence on game theory and economics.

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Application of game theory

Sun Tzu's Art of War is the earliest classic game theory work in China and even in the world. In recent years, due to the popularity of game theory in the world, there have been many books collecting and sorting out game theory knowledge, such as Game Theory Tricks and Game Theory's Most Magical Laws.

China Jingwei think tank is one of the earliest folk think tanks to study the new game theory. The multi-legged stool law, unlimited quantity and crossbow game foundation led by Director Xuefeng Song have been cited in all aspects of social and economic development.

The combination of "game theory" and traditional consulting tools can help enterprises to open a new perspective to solve intractable diseases such as strategic positioning, equity distribution, equity financing, value shaping and business model.