Game Theory (noun) Definition, Meaning & Examples

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
    Game Theory (noun) Definition, Meaning & Examples

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