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Found 2 items, similar to game theory.

**English → English** (WordNet)
Definition: game theory
game theory
n : (economics) a theory of competition stated in terms of gains
and losses among opposing players [syn: theory of games]

**English → English** (gcide)
Definition: game theory
game theory *\game theory\* n.
A branch of mathematics that deals with strategies for
maximizing gains or minimizing losses in competitive
situations having defined constraints and involving random
factors.
Note: Game theory is used for modelling and analysis of
various decision-making situations such as military
strategy or business policy. The theoretical models
study the interactions among opposing entities called
*“players,”* where different kinds of situation can
arise, for which the probabilities of occurence are
known. Also known is the set of decisions each player
can take. When a player takes a decision he makes a
gain or incurs a loss. Based on the available knowledge
each player tries to adopt a *“strategy”* so as to
maximize his gains. The entire procedure constitutes a
game.
Syn: theory of games.
[WordNet 1.5]

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