Economics and Mathematical Theory of Games

The theory of games is a branch of applied mathematics that is usedin economics, management, and other social sciences. Moreover, it isused also in military science, political science, international relations,computer science, evolutionary biology, and ecology. It is a field ofmathematics in which games are studied. The aim of this article is topresent matrix games and the game theory. After the introduction, wewill explain the methodology and give some examples. We will showapplications of the game theory in economics. We will discuss aboutadvantages and potential disadvantages that may occur in the describedtechniques. At the end, we will represent the results of our research and its interpretation.