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Definition of Game theory
1. Noun. (economics) a theory of competition stated in terms of gains and losses among opposing players.
Exact synonyms: Theory Of Games
Examples of category: Zero-sum Game, Nash Equilibrium
Generic synonyms: Scientific Theory
Category relationships: Economic Science, Economics, Political Economy
Examples of category: Zero-sum Game, Nash Equilibrium
Generic synonyms: Scientific Theory
Category relationships: Economic Science, Economics, Political Economy
Definition of Game theory
1. Noun. (context: mathematics economics) A branch of applied mathematics that studies strategic situations in which individuals or organisations choose various actions in an attempt to maximize their returns. ¹
¹ Source: wiktionary.com
Medical Definition of Game theory
1. A mathematical theory that deals with action in a conflict situation as if it were a game in which each player seeks to maximise his opponent's losses. (12 Dec 1998)