Free TranslationFree Translation
Synonyms, antonyms, pronunciation

  Home
English Dictionary      examples: 'day', 'get rid of', 'New York Bay'




Game theory   Listen
noun
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.
Synonyms: theory of games.






Collaborative International Dictionary of English 0.48








Advanced search
     Find words:
Starting with
Ending with
Containing
Matching a pattern  

Synonyms
Antonyms
Quotes
Words linked to  

only single words



Share |





Words linked to "Game theory" :   theory of games, economic science, political economy, Nash equilibrium, scientific theory



Copyright © 2024 e-Free Translation.com