A Systematic Review of Game Theory Applications in Modern Decision-Making Systems

Khin Myo Myo Minn, Hlaing Htake Khaung Tin, Rahul Panakkal, Baltaeva Umida Ismoilovna, Jaime Alfonso Flores Navas, Andino Maseleno Faculty of Computing, University of Information Technology, Yangon, Yangon Region, Myanmar. Faculty of Information Science, University of Information Technology, Yangon, Yangon Region, Myanmar. Department of Computer Science and Engineering, University of Illinois at Urbana, Champaign, Illinois, United States of America. Department of Applied Mathematics and Mathematical Physics, Urgench State University, Urgench City, Khorezm Region, Uzbekistan. Department of Mathematical Sciences, Open and Distance University of Mexico, Mexico City, Mexico. Department of Information Systems, Institut Bakti Nusantara, Pringsewu, Lampung, Indonesia.

Abstract: Currently, Game Theory is one of the most effective tools used to investigate the interactions of rational actors. For the past decades, many areas, including economics, computer science, cybersecurity, artificial intelligence, medical studies, transport, logistics, supply chain management, and other fields, have been considered subject applications of Game Theory. This systematic review provides an overview of the development, methodologies, practical use, limitations, and future possibilities of Game Theory. The paper surveys results from studies published in scholarly journals, conference papers, and other academic sources. Specifically, the paper considers various game-theoretic models, including cooperative, non-cooperative, evolutionary, stochastic, and Bayesian games, as well as repeated games. Moreover, the role of Game Theory in optimization, decision-making, conflict resolution, and related issues will be analyzed. As a result, it becomes clear that there are promising new areas where the field can continue to develop in the near future. In addition to the above points, the following limitations should be considered: This review identifies new opportunities for integrating Game Theory with Big Data analytics, machine learning, and distributed computing. This paper makes an invaluable contribution to the scientific community by bringing together state-of-the-art Game Theory literature and outlining the scope of future research. The findings presented in this study would help other scientists better understand the relevance and implications of Game Theory in today's world.

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Keywords: Game Theory; Strategic Decision-Making; Nash Equilibrium; Cooperative Games; Artificial Intelligence (AI); Big Data Analytics (BDA); Systematic Review; Scholarly Journals.

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Received on: 29/07/2025Revised on: 12/10/2025Accepted on: 16/11/2025Published on: 03/03/2026

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