# game theory

game theory a method of using mathematical analysis to select the best available strategy in order to minimize one's maximum losses or maximize one's minimum winnings in a game, war, business competition, etc.

## game theory

noun

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

Noun

(*uncountable*)

- (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.

## game theory - Investment & Finance Definition

A branch of mathematics that has indirect applications to computer science, information technology, and engineering. It involves studying the interactions among groups of people who make use of an increasing number of technologies and increasing types of technologies to achieve their goals. Game theory was first devised by John von Neumann.