game theory
noun
a mathematical theory that deals with strategies for maximizing gains and minimizing losses within prescribed constraints, as the rules of a card game: widely applied in the solution of various decision-making problems, as those of military strategy and business policy.
Also called
theory of games.
Origin of game theory
First recorded in 1950–55
Words nearby game theory
game plan,
game point,
game room,
game show,
game that two can play, that's a,
game theory,
game warden,
game-ball,
game-change,
game-changer,
gamebag
British Dictionary definitions for game theory
game theory
noun
mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interest
Also called: theory of games
Derived forms of game theory
game-theoretic, adjectiveScientific definitions for game theory
game theory
[ gām ]
A mathematical method of making decisions in which a competitive situation is analyzed to determine the optimal course of action for an interested party. Game theory is often used in political, economic, and military planning.