game theory


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Related to game theory: Nash equilibrium

game theory

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.

game theory

n
(Mathematics) mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interest. Also called: theory of games
ˌgame-ˌtheoˈretic adj

game′ the`ory


n.
a mathematical theory that deals with strategies for maximizing gains and minimizing losses within prescribed constraints.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.game theory - (economics) a theory of competition stated in terms of gains and losses among opposing players
zero-sum game - a game in which the total of all the gains and losses is zero
scientific theory - a theory that explains scientific observations; "scientific theories must be falsifiable"
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Nash equilibrium - (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged
Translations
teoria dels jocs
teorie her
spilteori
Spieltheorie
ludoteorio
teoría de juegos
peliteoria
théorie des jeux
játékelmélet
teori permainan
leikjafræði
teoria dei giochi
žaidimų teorija
speltheorie
spillteori
teoria gier
teoria dos jogos
teoria jocului
teória hier
spelteori
oyun kuramı
lý thuyết trò chơi

game theory

n (in business studies) → Spieltheorie f
References in periodicals archive ?
Game theory, says Schelling, would arrive at the conclusion "that in many of these cases, it is not in the interest of the industry to invest its own resources in more security.
The most famous example illustrating game theory concepts is a hypothetical situation referred to as the Prisoner's Dilemma.
The minimax theorem, the first mathematical theorem of game theory, was demonstrated by von Neumann independent of any economic considerations.
It is hugely exciting that the company is able to capitalise on the expertise in probabilistic modelling, principled machine learning and game theory available in Cambridge.
Game theory has already been applied to research on jamming attacks and cybersecurity, automated guidance for taxi services, and robot planning, says Sam Ganzfried, who helped develop Claudico and is now an assistant professor at Florida International University.
Kim describes game theory as an important tool in research into the Internet of Things in such areas as computational offloading, cloud computing, cognitive radio, resource sharing, power control, routing, load balancing, multi-commodity flow, capacity allocation incentive mechanism for cooperation between nodes, and quality of service provisioning.
For his work on game theory, Selten shared the 1994 Nobel Prize with US professors John Harsanyi and John Nash, who was depicted in the 2001 film "A Beautiful Mind.
In this paper, further studies about the application of game theory in the economic structure were expanded based on previous studies.
Therefore, game theory uses specific information and assumes investors will act rationally.
Although game theory existed before Nash's work, arguably dating back to the 18th century, Nash expanded the field, demonstrating the applicability of its principles to a broader range of applications--and in the process laying the foundation for new research approaches in fields from economics to social sciences to, more recently, life sciences and evolutionary biology.
a mathematician who won the Nobel Prize in 1994 for his contribution to game theory and subject of the popular film gA Beautiful Mindh, died recently in New Jersey at the age of 86.
Game theory is a mathematical tool that can be used to model scenarios in which the actions of decision makers, also called players, are in conflict.