- 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.
Origin of game theory
First recorded in 1950–55
Also called theory of games.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interestAlso called: theory of games
- 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.
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