Author(s)

Siyu Ni, Siyan Zheng

Corresponding Author

Siyu Ni

ABSTRACT

The military and economic wars are two major kinds of wars that affect the relationship between countries in recent years. Both kind of wars could change the status of one country, while military wars may seem to be a more direct and sharp way then economic wars. Game theory is widely used in the area of military wars and trade conflicts. Such application can be helpful with decision making. While for different situation, different strategy should be used. In this article, in order to give the optimal strategy in different scenarios, some basic ideas of game theory applying to military and economic conflicts is presented by reviewing different ideas given by scholars. It can be concluded that for both kind of wars, it is vital to observe the rivalry’s decision and then have some adjustments. By giving such reviews, it could be helpful for government to make decision when they face with similar situations.

KEYWORDS

Military war, Trade war, Game theory