Initial Reflection

Extended Essay

From the beginning, I knew I wanted to explore mathematics and economics and the relevance of game theory in the oil industry. My EE was initially intended to be world studies. However, after my discussion with my supervisor, I realised that using maths to validate economics isn’t world studies in nature and therefore, I decided to change it to a maths EE, with a focus on the applications of game theory. The transition was initially a challenge but later, it clarified my essay’s intent. While writing my outline, I collected sources that had a more thorough analysis of different game theory models to create more nuance. However, I need to begin envisioning how I plan to connect all these models to create more meaning of my EE and also, I need to take the initiative to ensure I understand the fundamentals of game theory and the complexity of the mathematics.