The Pure and Applied Mathematics (한국수학교육학회지시리즈B:순수및응용수학)

Korean Society of Mathematical Education (한국수학교육학회)
권호 표지
DOI QR코드

DOI QR Code

MODELING POLITICAL AND ECONOMIC RELATIONS BETWEEN NORWAY AND RUSSIA: A BEHAVIORAL GAME THEORY APPROACH

  • Received : 2022.01.22
  • Accepted : 2022.03.10
  • Published : 2022.05.31
Download PDF
⟨ Previous Next ⟩

Abstract

From the past until now, political and economic relations among countries have been one of the most important issues among analysts and numerous studies have tried to analyze these relations from different theoretical perspectives. The dynamic system of games has introduced a new modeling method in the game theory. In this study, we use behavioral models (level- k) along with the dynamic system in games to model rational agent behavior. As an application, we study Russia- Norway economic and political relations (1970-2019). The dynamic system in games along with behavioral games theory can be used to predict the players behavior in the future.

Keywords

References

  1. N. Asghari & M. Eshaghi Gordji: North Korea Nuclear Crisis; Policies and Strategies. The Pure and Applied Mathematics 26 (2019), 133-156. https://doi.org/10.7468/JKSMEB.2019.26.3.133
  2. N. Asghari, M. Eshaghi Gordji & A. Ghaffari: Modelling US-China relationship: A game theory perspective. International Journal of Nonlinear Analysis and Applications 12 (2021), no. 2, 1371-1382.
  3. GH. Askari & M. Eshaghi Gordji: Decision making: rational choice or hyperrational choice. Statistics, Optimization Information Computing 8 (2020), no. 2, 583-589. https://doi.org/10.19139/soic-2310-5070-638
  4. GH. Askari, M. Eshaghi Gordji & C. Park: The behavioral model and game theory. Palgrave Communications 5 (2019), no. 1, 1-8. https://doi.org/10.1057/s41599-018-0199-0
  5. GH. Askari, M. Eshaghi Gordji, S. Shabani & J.A. Filipe: Game Theory and Trade Tensions between Advanced Economies. European Research Studies, 23 (2020), 50-65.
  6. S.J. Brams: Theory of Moves. Cambridge, Cambridge University Press, (1994).
  7. B. Bruns: Visualizing the Topology of 2 × 2 Games: From Prisoners Dilemma to Win-Win. In International Conference on Game Theory, Stony Brook, NY, (2011), 11-15.
  8. C.F. Camerer: Behavioral game theory: Experiments in strategic interaction. Princeton university press, (2011).
  9. C.F. Camerer, T.H. Ho & J.K. Chong: A cognitive hierarchy model of games. The Quarterly Journal of Economics 119 (2004), no. 3, 861-898. https://doi.org/10.1162/0033553041502225
  10. M. Costa-Gomes, V.P. Crawford & B. Broseta: Cognition and behavior in normal-form games. An experimental study. Econometrica 69 (2001), no. 5, 1193-1235. https://doi.org/10.1111/1468-0262.00239
  11. V.P. Crawford, M. Costa-Gomes & N. Iriberri: Strategic thinking. Levines Working Paper Archive (2010).
  12. M. Eshaghi Gordji & GH. Askari: Dynamic system of strategic games. Int. J. Nonlinear Anal. Appl. 9 (2018), no. 1, 83-98.
  13. M. Eshaghi Gordji & GH. Askari: Hyper-Rational Choice and Economic Behaviour. Advances in Mathematical Finance and Applications 3 (2018), no. 1, 69-76.
  14. M. Eshaghi Gordji, N. Asghari & M. De la Sen: Modeling Political and Economic Relations between Russia and Turkey. A Game Theory Approach. IJCSNS. 19 (2019), no. 2, 163.
  15. J.K. Goeree & C.A. Holt: Ten little treasures of game theory and ten intuitive contradictions. American Economic Review 91 (2001), no. 5, 1402-1422. https://doi.org/10.1257/aer.91.5.1402
  16. J.H. Kagel & A.E. Roth: The handbook of experimental economics. Volume 2, Princeton university press, (2020).
  17. R. Nagel: Unraveling in guessing games: An experimental study. The American economic review 85 (1995), no. 5, 1313-1326.
  18. O. Morgenstern & J. Von Neumann: Theory of games and economic behavior. Princeton university press, (1953).
  19. M. Morgunova: Why is exploitation of Arctic offshore oil and natural gas resources ongoing? A multi-level perspective on the cases of Norway and Russia. The Polar Journal 10 (2020), no. 1, 64-81. https://doi.org/10.1080/2154896X.2020.1757823
  20. I. Overland & A. Krivorotov: NorwegianRussian political relations and Barents oil and gas developments. (2015).
  21. A. Rapoport: A taxonomy of 2 × 2 games. General systems 11 (1966), 203-214.
  22. A. Rapoport, M. Guyer & G. Gordon: The 2 × 2 games. Michigan university press, (1976).
  23. D. Robinson & D. Goforth: The topology of the 2 × 2 games: a new periodic table. Psychology Press, (2005).
  24. J. Sandberg: The Beast to the East: Norways Russia-Policy After Crimea-Status Quo or a Shift in Policy? (2018)
  25. I. Skvortsova, R. Latyshev & M. Oskolkova: Cluster as a form of international cooperation in the development of the Arctic region in the framework of the international innovation system. MATEC web of conferences. Vol. 239. EDP Sciences, (2018).
  26. N. Van Long: Dynamic games in the economics of natural resources: a survey. Dynamic Games and Applications 1 (2011), no. 1, 115-148. https://doi.org/10.1007/s13235-010-0003-2
  27. J.B. Webb: Game theory: decisions, interaction and Evolution. Springer Science & Business Media, (2007).
  28. J.M. Wilhelmsen & K.L. Gjerde: Norway and Russia in the Arctic: New Cold War contamination? (2018).
  29. J.R. Wright & K. Leyton-Brown: Level-0 meta-models for predicting human behavior in games. In Proceedings of the fifteenth ACM conference on Economics and computation (2014), 857-874.
  30. J.R. Wright & K. Leyton-Brown: Predicting human behavior in unrepeated, simultaneous-move games. Games and Economic Behavior 106 (2017), 16-37. https://doi.org/10.1016/j.geb.2017.09.009
  31. J.R. Wright & K. Leyton-Brown: Level-0 models for predicting human behavior in games. Journal of Artificial Intelligence Research 64 (2019), 357-383. https://doi.org/10.1613/jair.1.11361
  32. J.R. Wright & K. Leyton-Brown: A formal separation between strategic and nonstrategic behavior. In Proceedings of the 21st ACM Conference on Economics and Computation (2020), 535-536.
  33. D. Yeung & O. Petrosian: Infinite horizon dynamic games: a new approach via information updating. International Game Theory Review 19 (2017), no. 04, 1750026. https://doi.org/10.1142/S0219198917500268