UDC 519.83
DOI: 10.36871/2618-9976.2023.10.002

Authors

Leonid S. Zvyagin,
PhD of Economics, Associate Professor, Associate Professor of the Department of «System Analysis in Economics», Financial University under the Government of the Russian Federation, Moscow, Russia

Abstract

An effective management decision assumes, along with the use of various methods and models, also the presence of creative thinking on the part of the manager, who has a sufficient level of knowledge and skills, the use of various models and methods, as well as modern information processing technology. The use of models in game theory makes it possible to describe various phenomena related to the economy, the relationship between man and nature, the struggle for existence, etc. Very often in the economy, disagreements in the interests of partners and the desire to obtain the greatest benefits lead to conflict situations. Management decision-making, in cases of conflict, involves the use of game theory methods. At the same time, the quality and quantity of available information about the management object and the external environment has a huge impact on decision-making.

Keywords

Game theory, Model, Modeling, Economic processes, Game-theoretic models