APPLICATION OF GAME THEORY IN TODAY’S ECONOMIC WORLD

This paper explores the contemporary applications of game theory in economics, focusing on developments and case studies from recent years up to 2024. This examines how game theory continues to evolve and influence decision-making processes in various economic sectors, including environmental policy, market competition, and international trade. The paper highlights recent advancements in iterative and cooperative game theory models and their practical implications for addressing complex economic challenges.