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game theory

noun
1.
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
1950-1955
1950-55
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for game theory
  • 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.
  • It is a superb way to introduce students to combinatorial mathematics, game theory, symmetry and probability.
  • Main point though is incentives drive people and the rest is game theory.
British Dictionary definitions for game theory

game theory

noun
1.
mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interest Also called theory of games
Derived Forms
game-theoretic, adjective
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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game theory in Science
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.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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