Game Theory and Trade Tensions between Advanced Economies

Askari, Gholamreza; Gordji, M. Eshaghi; Shabani, Somayeh; Filipe, José

doi:10.35808/ersj/1744

Cited by 2 publications

(1 citation statement)

References 17 publications

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“…The recently introduced static Threat game is an extension of the Chicken game (Askari et al 2020). The Threat game has a Nash equilibrium of pure strategy, while the Chicken game has two equilibria with pure strategy.…”

Section: Credible and Non-credible Threatsmentioning

confidence: 99%

Game Theory and a New Insight into How the Cuban Missile Crisis Was Resolved

Shaabani¹,

Gordji²

2023

IJCS

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The purpose of this article is to investigate the Cuban Missile Crisis with new approaches. For this purpose, we analyse this crisis in two static and dynamic approaches. In the static approach, we look at the crisis through the perspective of credible threats. In the dynamic approach, the crisis is modelled using several game theoretic models. The models allow us to analyse the interplay of the capabilities and the feasibility objectives of each player after a conflict with the other player’s objectives and capabilities. The dynamic system of games has significant implications as an important insight for modelling strategic interactions in which players pursue goals for increasing their personal interests. Our findings give insight into how the two countries reached a compromise in the Cuban Missile Crisis.

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Section: Credible and Non-credible Threatsmentioning

confidence: 99%

Game Theory and a New Insight into How the Cuban Missile Crisis Was Resolved

Shaabani¹,

Gordji²

2023

IJCS

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The Evolving Nature of International Collaboration and Partnership

Chopra,

Manohar,

Zawadski

et al. 2024

Digital Technologies, Ethics, and Decentralization in the Digital Era

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The growth aspirations of developing countries supported by industrial prowess of developed economies, while leading to phases of rapid globalisation across the world, also resulted in skewed power and trade dynamics in favour of developed nations. Later, the world economy got hit hard by deglobalization. Today, nations are realigning their policies and national priorities through engaging in collaborative partnership with other economies to overcome the current phase of deglobalization. This chapter will track the phases of global growth and its reverse internationalization from the lens of various black swan events and will also analyse the changing global economic landscape resulting in the emergence of new pillars of global trade and cooperation in the form of economic trade blocs and regional trade agreements leading to a multipolar world and new reality of global trade. From a business perspective, the chapter will dwell on how corporates are realigning their international business practices, in this era of deglobalisation, to maintain their growth trajectory.

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Game Theory and Trade Tensions between Advanced Economies

Cited by 2 publications

References 17 publications

Game Theory and a New Insight into How the Cuban Missile Crisis Was Resolved

Game Theory and a New Insight into How the Cuban Missile Crisis Was Resolved

The Evolving Nature of International Collaboration and Partnership

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