Definitions for game theory
game the·o·ry

Princeton's WordNetRate this definition:0.0 / 0 votes

1. game theory, theory of gamesnoun

   (economics) a theory of competition stated in terms of gains and losses among opposing players

WiktionaryRate this definition:0.0 / 0 votes

1. game theorynoun

   A branch of applied mathematics that studies strategic situations in which individuals or organisations choose various actions in an attempt to maximize their returns.

WikipediaRate this definition:0.0 / 0 votes

1. Game theory

   Game theory is the study of mathematical models of strategic interactions among rational agents. It has applications in all fields of social science, as well as in logic, systems science and computer science. Originally, it addressed two-person zero-sum games, in which each participant's gains or losses are exactly balanced by those of other participants. In the 21st century, game theory applies to a wide range of behavioral relations; it is now an umbrella term for the science of logical decision making in humans, animals, as well as computers. Modern game theory began with the idea of mixed-strategy equilibria in two-person zero-sum game and its proof by John von Neumann. Von Neumann's original proof used the Brouwer fixed-point theorem on continuous mappings into compact convex sets, which became a standard method in game theory and mathematical economics. His paper was followed by the 1944 book Theory of Games and Economic Behavior, co-written with Oskar Morgenstern, which considered cooperative games of several players. The second edition of this book provided an axiomatic theory of expected utility, which allowed mathematical statisticians and economists to treat decision-making under uncertainty. Game theory was developed extensively in the 1950s by many scholars. It was explicitly applied to evolution in the 1970s, although similar developments go back at least as far as the 1930s. Game theory has been widely recognized as an important tool in many fields. As of 2020, with the Nobel Memorial Prize in Economic Sciences going to game theorists Paul Milgrom and Robert B. Wilson, fifteen game theorists have won the economics Nobel Prize. John Maynard Smith was awarded the Crafoord Prize for his application of evolutionary game theory.

ChatGPTRate this definition:0.0 / 0 votes

1. game theory

   Game theory is a branch of mathematics that studies strategic interactions, meaning situations where the outcome for each participant or "player" depends on the actions of all. These interactions are called "games" and can represent a wide range of scenarios, including competition and cooperation, bargaining, auctions, voting systems, warfare, and even biological evolution. The theory helps to predict the outcomes of these games by analyzing different strategies the players may use, assuming they will act rationally to maximize their own benefit. Its concepts have found use in various fields, such as economics, political science, psychology, computer science, and biology.

WikidataRate this definition:0.0 / 0 votes

1. Game theory

   Game theory is a study of strategic decision making. More formally, it is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers". An alternative term suggested "as a more descriptive name for the discipline" is interactive decision theory. Game theory is mainly used in economics, political science, and psychology, as well as logic and biology. The subject first addressed zero-sum games, such that one person's gains exactly equal net losses of the other participant. Today, however, game theory applies to a wide range of behavioral relations, and has developed into an umbrella term for the logical side of decision science, to include both human and non-humans, like computers. Modern game theory began with the idea regarding the existence of mixed-strategy equilibria in two-person zero-sum games and its proof by John von Neumann. Von Neumann's original proof used Brouwer's fixed-point theorem on continuous mappings into compact convex sets, which became a standard method in game theory and mathematical economics. His paper was followed by his 1944 book Theory of Games and Economic Behavior, with Oskar Morgenstern, which considered cooperative games of several players. The second edition of this book provided an axiomatic theory of expected utility, which allowed mathematical statisticians and economists to treat decision-making under uncertainty.

U.S. National Library of MedicineRate this definition:0.0 / 0 votes

1. Game Theory

   Theoretical construct used in applied mathematics to analyze certain situations in which there is an interplay between parties that may have similar, opposed, or mixed interests. In a typical game, decision-making "players," who each have their own goals, try to gain advantage over the other parties by anticipating each other's decisions; the game is finally resolved as a consequence of the players' decisions.

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1. game theory

   Song lyrics by game theory -- Explore a large variety of song lyrics performed by game theory on the Lyrics.com website.

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1. • Economics
   • Scientific Theory

Anagrams for game theory »

1. heterogamy

How to pronounce game theory?

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How to say game theory in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of game theory in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of game theory in Pythagorean Numerology is: 9

Examples of game theory in a Sentence

1. Marc Lasry:

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References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=game theory
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Game_Theory
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Game_Theory
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=game theory