game theory

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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

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Link To game theory

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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00:10

Game theory is always a great word to know.

So is ort. Does it mean:

a scrap or morsel of food left at a meal.

a fool or simpleton; ninny.

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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

Game theory is used extensively to support evolutionary psychology.

It takes the situation out of the realm of law and plops it into the realm of

economics and game theory.

Main point though is incentives drive people and the rest is game theory.

Based on a truth-telling mechanism from game theory, this design works on paper.

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Matching Quote

"Lanza del Vasto noted a deep connection between play and war, even before the games theory and nuclear war strategy became practically identified. In our society, everything, in fact, is a game. But if everything is a game, then everything leads to war. Play is aimless and yet multiplies obstacles so that the "aim," which in fact does not exist, cannot be attained by the opponent. For instance, getting a ball in a hole. War is caused by similar aimless aims. Not by hunger, not by real need. War is a game of the powerful, or of whole collectivities devoted to self-assertion. It is "the great public vice that consists in playing with the lives of men." War plays with life and death, and does so magnificently. Everybody becomes involved. Everybody has to live or die—so that other side may not get a ball in a hole."

-Thomas Merton

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