The Applications of Game Theory and Its Contributions to Economics

In just a few decade development processes, game theory, with its innovative ideas, strong economic analysis tools, and complete and rigorous system, has brought new vigor to the economics, and managed to reinterpret some traditional economic theory more reasonably, and let economists have the ability to explore some new areas. This paper summarizes and analyses the application of game theory in the socio-economic analysis and its contribution to economics. The assortment and study of economic game theory not only is beneficial to further understand the essence and the process of the development of this field, but also provide ideas and reference for the future development of it.