mathematical theory concerned with the optimum choice of strategy in situations involving a conflict of interest
Also called: theory of games
Derived forms
game-theoretic (ˌgame-ˌtheoˈretic)
adjective
game theory in American English
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.
Examples of 'game theory' in a sentence
game theory
We also looked at game theory and the sociology of style.
Times, Sunday Times (2007)
Game theory can equally be applied to economics.
The Times Literary Supplement (2014)
Perhaps this is what happens when a bunch of experts on game theory are locked in a room together.
Times, Sunday Times (2011)
The most famous piece of game theory is the prisoner's dilemma.
Times, Sunday Times (2008)
This is classic game theory: pursuing individual reward can logically lead to a worse outcome for all.
Times, Sunday Times (2014)
As a result, game theory is now widely taught not just to mathematicians but on MBA courses.