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Brams' Theory of Moves and the Dynamic Aspects of Game Theory

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Game theory is used in a wide variety of applications. It is most notably used in economics but also has widespread applications in politics and biology. In this paper, we will only look at the economic and political applications of game theory in general and Steven J. Brams’ Theory of Moves (TOM) in particular. Brams uses numerous examples from politics, economics, and religion to illustrate the compatibility of TOM in real life issues as compared to the standard game theory. We will refer to these examples when appropriate. In the succeeding paragraphs and in other sections of this paper, we discuss how game theory, especially in its dynamic form, can be used to model real life situations.

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  • 10/20/2020
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