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game theory

   Also found in: Medical, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
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
game-theoretic  adj

game theory  (gm)
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.
ThesaurusLegend:  Synonyms Related Words Antonyms
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
game theory
n (in business studies) → Spieltheorie f


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? Mentioned in ? References in periodicals archive
 
In the 1950s, John Nash, a brilliant but mentally ill mathematician, published research on game theory and its real-life applications.
Editorial in the first issue includes articles on neural modeling, cognitive psychology, theoretical integration, modeling cultural evolution, systems biology, human behavior and game theory.
The contributors to this volume seek general explanations, or theory, which they distinguish from the universalist claims of game theory and rational choice analysis.
 
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