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.

game theory

noun

1. Also called: theory of games. mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interest

game theory

1. 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.

Other Word Forms

• game-theoretic adjective

Word History and Origins

Origin of game theory¹

First recorded in 1950–55