Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A mathematical method of decision-making in which a competitive situation is analyzed to determine the optimal course of action for an interested party, often used in political, economic, and military planning. Also called theory of games.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A branch of applied mathematics that studies strategic situations in which individuals or organisations choose various actions in an attempt to maximize their returns.

from the GNU version of the Collaborative International Dictionary of English

  • n. A branch of mathematics that deals with strategies for maximizing gains or minimizing losses in competitive situations having defined constraints and involving random factors.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. (economics) a theory of competition stated in terms of gains and losses among opposing players

Etymologies

Sorry, no etymologies found.

Examples

  • The best developed version of contract theories of rational competitive conflict is found in n-person game theory Ordeshook, 1986.

    Rediscovering Institutions

  • If he didn’t feel compelled to appropriate Frederick Engels’s game theory on any given 3-on-2 break, he could still get Stoudemire 36 points while getting 30 for himself; his play-off performances against the Spurs proved that his nonscoring is a choice.

    The Karl Marx of the Hardwood

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.