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game theory Definition

game theory

noun

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 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.

Browse dictionary entries near game theory

  1. ‹ game show
  2. ‹ game point
  3. ‹ game plan
  4. ‹ game laws
  5. ‹ game fowl
  6. ‹ game fish
  7. ‹ game
  8. ‹ gambusia
  9. ‹ gambrel roof
  10. ‹ gambrel
  1. gamecock ›
  2. gamekeeper ›
  3. gamelan ›
  4. gamely ›
  5. gameness ›
  6. gamer ›
  7. gamesmanship ›
  8. gamesome ›
  9. gamester ›
  10. gametangium ›