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 ?
Over the past seven or eight years, evolutionary game theory has gained rapid acceptance among game theorists.
Chapter 14: Game Theory and the Economics of Information
Written by leading experts in the field, Game Theory and Learning for Wireless Networks Covers how theory can be used to solve prevalent problems in wireless networks such as power control, resource allocation or medium access control.
If a potential buyer has a strong feeling about an intriguing and entertaining paper entitled "Axiomatics in Economics" written by Robert Clower published in the October 1995 issue of this journal, then he/she might rather keep $117 and wait for the arrival of the volume 3 of the Handbook of Game Theory.
CONTACT: Vin McCaffrey of Game Theory Group International, +1-252-227- 4363
Optimal Markets, a leading provider of auction software and consulting support, integrates advanced game theory into state-of-the art software.
Perhaps only Chapter 5 would be intelligible to a genuinely non-specialist reader; however, most of the chapters could be successfully used in a graduate survey course in which the students had a modest background in game theory and had seen a few modern applications of game theory previously.
Using Game Theory as a strategic practice serves to level the playing field between conflict and resolution.
The models are from game theory, decision theory, simulation, reliability, and queuing theory.
Each chapter is devoted to a different big idea and includes a succinct overview of its topic, from game theory to plate tectonics to the early human migration out of Africa.
It covers such topics as micro- and macroeconomics, game theory, general equilibrium, welfare economics, public economics, industrial organization, development economics, behavioral and experimental economics and mathematical methods for economics.
Man Ray's Obstruction, 1920 - the first suspended sculpture in twentieth-century art, a kind of readymade mobile consisting of a cascade of coat hangers - functioned as a reminder that one of the two diagrams usually given to chess in game theory is that of a treelike structure (the other being that of a grid, which is undoubtedly why Obstruction was next to a Sol LeWitt lattice).