Research Article

RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS

Volume: 17 Number: 1 March 1, 2019
TR EN

RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS

Abstract

In recent years, the increasing criticism of the assumptions of Orthodox economic theories has increased the interest in studies that produce heterodox economics theories. In this context, by criticizing the assumptions of orthodox economics, heterodox economics has produced new studies in areas such as international economic theories in which these assumptions are essential. These theories within heterodox economics are appropriate to be analyzed with computable methods such as network models and agent-based modeling because of their features of being adaptable to flexible assumptions and not including certainty. At this point, game theory is one of the methods that can be used alone or as an aid to the analysis methods mentioned. This study aims to contribute to the development of empirical analysis methods in a flexible structure in which the flexible assumptions of heterodox economics can be adapted. For this purpose, the game theory, which is purified from the assumptions of orthodox economics theories with the development of new Heterodox economics schools, such as the evolutionary game theory and behavioral game theory, will be used as a tool.  In the context of this study, "the prisoner's dilemma game gain matrix," which is used for the expression of international trade in the practice to be performed, will be rearranged according to the claim of the Prebisch-Singer hypothesis. By this means, it will also be shown how to utilize game theory more broadly as a behavioral rule for computational methods in newly developed empirical analyses for heterodox economics theories.


Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

March 1, 2019

Submission Date

September 24, 2018

Acceptance Date

March 15, 2019

Published in Issue

Year 2019 Volume: 17 Number: 1

APA
Özekin, A. (2019). RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS. Journal of Management and Economics Research, 17(1), 163-178. https://doi.org/10.11611/yead.463282
AMA
1.Özekin A. RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS. Journal of Management and Economics Research. 2019;17(1):163-178. doi:10.11611/yead.463282
Chicago
Özekin, Ayça. 2019. “RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS”. Journal of Management and Economics Research 17 (1): 163-78. https://doi.org/10.11611/yead.463282.
EndNote
Özekin A (March 1, 2019) RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS. Journal of Management and Economics Research 17 1 163–178.
IEEE
[1]A. Özekin, “RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS”, Journal of Management and Economics Research, vol. 17, no. 1, pp. 163–178, Mar. 2019, doi: 10.11611/yead.463282.
ISNAD
Özekin, Ayça. “RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS”. Journal of Management and Economics Research 17/1 (March 1, 2019): 163-178. https://doi.org/10.11611/yead.463282.
JAMA
1.Özekin A. RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS. Journal of Management and Economics Research. 2019;17:163–178.
MLA
Özekin, Ayça. “RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS”. Journal of Management and Economics Research, vol. 17, no. 1, Mar. 2019, pp. 163-78, doi:10.11611/yead.463282.
Vancouver
1.Ayça Özekin. RETHINKING THE PRISONER’S DILEMMA GAME WITHIN THE FRAMEWORK OF THE PREBISCH-SINGER HYPOTHESIS. Journal of Management and Economics Research. 2019 Mar. 1;17(1):163-78. doi:10.11611/yead.463282

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