Advances in Economics, Management and Political Sciences

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Proceedings of the 3rd International Conference on Business and Policy Studies

Series Vol. 71 , 18 January 2024


Open Access | Article

Exploring Game Theory in the Realm of Genetically Modified Organisms: A Multidimensional Review

Tianchen Wu * 1
1 University of Toronto

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 71, 299-303
Published 18 January 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Tianchen Wu. Exploring Game Theory in the Realm of Genetically Modified Organisms: A Multidimensional Review. AEMPS (2024) Vol. 71: 299-303. DOI: 10.54254/2754-1169/71/20241532.

Abstract

The use of Genetically Modified Organisms (GMOs) has sparked a lot of controversy since their introduction in agriculture, predominantly due to concerns regarding health risks, environmental impacts, and ethical considerations. By analyzing existing studies and models, this paper delves into the application of Game Theory in the context of GMOs, elucidating the interactions between different stakeholders. The objective of this paper is to investigate various dimensions surrounding GMOs, including the adoption of GMOs by farmers, consumer behaviors, regulatory policies, and global agriculture. Existing studies have revealed that the global agricultural order has been greatly affected, impacting both adopters and non-adopters of GMOs. Farmers choose to adopt GMO crops due to an increased yield and economic benefits. The rise of new medias has brought misinformation to the public, leading to decreased acceptance of GMOs and thus affecting the market dynamics. Regulatory policies exhibit significant variations between countries, aimed at influencing purchasing decisions and shaping agricultural dynamics.

Keywords

GMOs, Game Theory, agricultural order, consumer behavior

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 3rd International Conference on Business and Policy Studies
ISBN (Print)
978-1-83558-281-7
ISBN (Online)
978-1-83558-282-4
Published Date
18 January 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/71/20241532
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated