A STUDY ON MODELING OF CONFLICT AND AGREEMENT WITH GAME THEORY

Abstract

Game theory is a mathematical approach to analyze the state of competition between players. The foundations of this theory go back about 170 years, and the main development of the subject is based on the last 55 years. In this study, the effect of game theory on political elections and political behaviors has been examined. The Nash equilibrium is investigated by creating a mathematical model of the gains and losses that two political parties obtain in the elections according to the coalition formation status of two political parties by using the Prisoners' Dilemma game model in cooperative and non cooperative games.

Keywords

• Game theory
• Game tree
• Minimax theorem
• Nash equilibrium
• Political coalition

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