Author(s)

Enyuan Wang

Corresponding Author

Enyuan Wang

ABSTRACT

Brexit in 2020 has aroused widespread concern in the international community on the relationship between the United Kingdom and the European Union. This article uses a review method to summarize the reasons for Britain's entry into the EU and Brexit from the perspective of payoff in game theory, and to predict the future relationship between the two parties. The first part combines the changes in payoff between the two parties when the UK joined the European Community to explain the reasons why the UK finally joined the EU. The second part is about the three main game models of Brexit and the analysis of payoff. Finally, from the perspective of game theory to predict and explain that the most likely future relationship between the UK and the EU is the Norwegian model. This article is of great significance to the study of the current international situation. It has analysis and reference significance for countries that may leave the EU in the future, such as Poland and Sweden.

KEYWORDS

Game theory, payoff, Brexit, United Kingdom, European Union