GAME-THEORETIC RATIONALIZATION METHOD OF ECONOMIC ENTITIES’ INVESTMENT POLICY

The continuous development of scientific knowledge makes it possible to use the mathematical apparatus to search for optimal behavior strategies in economic reality, including in the investment sphere. The mathematical apparatus solves many economic problems through the construction of quantitative and qualitative models. There is still no single universal method that allows rationalizing the issues of investment behavior of economic entities. Game-theoretic criteria provide an opportunity to reduce the potential risk while maximizing the profitability of each solution with limited information. The practical use of the game-theoretic method in investment matters allows you to build matrix games in which optimal options for making a specific investment decision will be presented. This article is devoted to the study of the game-theoretic method in the context of the rationalization of the investment policy of economic entities in the presence of alternative solutions. It is proposed to develop an algorithm for the actions of an economic entity in the presence of alternatives, which will contribute to the formation of strategies for its behavior in conditions of uncertainty. The economic entity`s behavior strategy chosen with the help of game-theoretic criteria will contribute to the rationalization of investment policy, offering certain alternatives for conducting investment activities. Based on the analysis of aspects of game theory, an algorithm for rationalizing investment policy was formed. The proposed approach will make it possible to reduce the level of risk while maintaining optimal profitability. The significance of the obtained algorithm is to increase the positive effect of making managerial decisions on investment issues. In the future, we see the possibility of modernizing the game-theoretic method in order to build a strategy of behavior in the investment sphere by conducting a correlation-regression analysis. Thanks to this analysis, it is possible to identify factors that have a significant impact on the variables of the game matrix and suggest alternative strategies.

game theory, investment, economic entity, investment strategy, investment portfolio, investment behavior, game-theoretic criteria, mathematical modeling, investment activity, investment strategy

Rodionov D. G., Zaytsev A. A., Dmitriev N. D., Victorova N. G. Game-theoretic rationalization method of economic entities’ investment policy. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2023;2(63):109—117. DOI: 10.25683/VOLBI.2023.63.614.