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

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, adjective

Scientific 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.