game theory


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.

Nearby words

  1. game plan,
  2. game point,
  3. game room,
  4. game show,
  5. game that two can play, that's a,
  6. game warden,
  7. game-ball,
  8. game-change,
  9. game-changer,
  10. game-cock

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. 2019


British Dictionary definitions for game theory

game theory

noun

mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interestAlso called: theory of games
Derived Formsgame-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

Science definitions for game theory

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 © 2011. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.