need an approach explaining interdependent actions. Game theory is in a position to offer proper olutions. This paper … price are endogenously determined. -- Game theory ; Nash equilibrium ; option pricing ; real option …

- game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …