Game-theory
noun
1.
a mathematical theory that deals with strategies for maximizing gains and minimizing losses within prescribed constraints, as the rules of a card game: widely applied in the solution of various decision-making problems, as those of military strategy and business policy.
noun
1.
mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interest Also called theory of games
game theory
(gām)
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.
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