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:
1950–55

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Collins
World English Dictionary
game theory
 
n
Also called: theory of games mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interest
 
game-theo'retic
 
adj

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Science Dictionary
game theory   (gām)  Pronunciation Key 
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.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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Example sentences
It takes the situation out of the realm of law and plops it into the realm of
  economics and game theory.
Common game theory has held that punishment makes two equals cooperate.
Based on a truth-telling mechanism from game theory, this design works on paper.
Game theory is used extensively to support evolutionary psychology.
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