Strategy Analysis of Futures Market based on Non-cooperative Game

Based on the non-cooperative game theory approach,this article analyzed the action strategies of long and short positions in the future market,by setting up a non-cooperative game models.In the conditions of complete game,incomplete game and imperfect game,this paper discussed the action strategies,equilibrium and outcome of game of long and short positions with different market situation.The result of the article showed that capitals and information plays a important roles in the game of long and short positions in the future market.Accordingly,in order to gain the advantage of capitals and information,establishing future funds is an effective game form of union.According to this,cooperative game method is an effective analysis method to analyzing union game.