Decision-Making in Conditions of Uncertainty and the Games Theory in Modeling Islamic Economic

During the past fifty years, important theories have been introduced to economics, whichhave undergone great review in the past two decades. Two of these theories, which have great applicability in analyzing economic subjects especially in the field of finance, arereviewed in this paper. Decision-making in uncertainty and the Games Theory are twosubjects that have applications in Islamic banking. In this article, the common economicand Islamic economic are divided into normative and descriptive statements, each. Thus,along with a general review of decision-making in conditions of uncertainty and the gamestheory, these concepts, too, have been divided into descriptive and normative statements. It has been shown that some of these concepts have applications in Islamic economic.Additionally, applications of the discussions related to the games theory and decisionmaking in uncertainty are provided, in areas such as finance, banking, and Islamic business.