Document Type : Review Article

Author

• Reza Habibi

Iran Banking Institute

Abstract

This paper studies the global game and its interesting properties in the famous game; i.e., prisoner's dilemma game. The game is described, its Nash equilibriums are derived and sensitivity analysis is studied. The problem is also extended. This solution is applied to study the problem of selling foreign currency before or after speculation attack. Finally, a conclusion section is given. This paper studies the global game and its interesting properties in the famous game; i.e., prisoner's dilemma game. The game is described, its Nash equilibriums are derived and sensitivity analysis is studied. The problem is also extended. This solution is applied to study the problem of selling foreign currency before or after speculation attack. Finally, a conclusion section is given.

Keywords

• Global game
• Nash equilibrium
• Prisoner's dilemma
• Sensitivity analysis
• Selling currency game