Water Resource Management Aided by Game Theory

Abstract

Game theory is a theoretical framework for conceiving social situations among competing players. In some respects, game theory is the science of strategy, or at least the optimal decision-making of independent and competing actors in a strategic setting. Using game theory, real-world scenarios for such situations as pricing competition and product releases (and many more) can be laid out, and their outcomes predicted. In this chapter, after introduction and discussion about game theory, the main reason for applying game theory and the area of using this approach explained. In the next step, applying game theory in various fields, game-theoretical models, Game Classification are discussed. After that, the application of Game Theory in Water Resources Management and Useful definitions of applied GP in water resources conflict introduced. Three examples of game theory in water Allocation, water Costs, and groundwater conflicts are introduced and discussed in the final section. the result of these studies illustrates the noticeable performance of game theory approaches in water resources problems.