A branch of mathematics that deals with strategies for maximizing gains or minimizing losses in competitive situations having defined constraints and involving random factors.

A mathematical framework for analysing what choices rational individuals will make, when the pay-offs depend on the combination of all player's choices.... more on: Game Theory

A mathematical formalism used to study human games, economics, military conflicts, and biology.

A mathematical process of selecting an optimum strategy in the face of an opponent who has a strategy of his own.

A mathematical theory originally developed for human games, and generalized to human economics and military strategy, and to EVOLUTION in the theory of EVOLUTIONARILY STABLE STRATEGY. GAME THEORY comes into its own wherever the optimum policy is not fixed, but depends upon the policy which is statistically most likely to be adopted by opponents.

Simplification of human behaviour to a series of games that can be modelled, often mathematically.

The Game Theory studies winning strategies for parties involved in situations where their interest conflict with each other. Developed by John von Neumann, the theory has applications to real games (cards, chess, etc.), economics, commerce, politics and some say even military. J. Conway used his theory of surreal numbers to qualitatively evaluate game positions. Conway wrote: It's especially delightful when you find a game that somebody's already considered and possibly not made much headway with, and you find you can just turn on one of these automatic theories and work out the value of something and say, "Ah! Right is 47/64ths of a move ahead, and so she wins."

np. A field of research into how the actions of one party affect the optimum strategies of others. Considerable mathematical content. Some poker players use, or like to think they use, game theory.

a branch of applied mathematics with many uses in economics, including the analysis of the interaction of firms that take each other's actions into account.

A theory that tries to predict how parties (called "players") will make a coooperation or conflict decision by assuming that they will make utility-maximizing choices given their preferences and options.

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

Game theory is based on the premise that no matter what the game, no matter what the circumstances, there is a strategy that will enable you to succeed.

Poker Strategy. Refers to taking steps to avoid giving an edge to an unfamiliar opponent by calling or betting in a certain way that makes sense based on the odds of certain situations, the number of outs available etc.

aa technique developed by mathematicians and economists and used by political scientists to evaluate the choices made in decision situations, where one state’s or individual’s choice affects that of other actors; based on the assumption that each player knows its and the others’ unique sets of options and the payoffs for each associated with these options. Among the various types of games is the prisoner's dilemma (117) see also: deterrence

Game theory dictionary (USA)- Mike Shor - Vanderbilt University About 150 entries are given quite full, cross-referenced definitions, each of which is linked to further learning material.

A theory of individual rational decisions taken under conditions of less than full information concerning the outcomes of those decisions.

A framework for competitive analysis that takes into account the interaction of industry participants' strategies. Game theory is based on the idea that each participant's success or failure depends not only on his/her actions, but on the actions/reactions of other participants as well. Game theory distinguishes two major categories of games: simultaneous games, where all participants make their decisions simultaneously, or sequential games, where participants react to each other's actions in turn. The classic example of a one-time simultaneous game is the so-called "prisoner's dilemma". Reference: Thinking strategically, Dixit and Nalebuff, W.W. Norton & Co. (1991).

Game Theory was an American rock and roll band from 1981 to 1989. The group's lead singer, Scott Miller (lead vocal, guitar) - not to be confused with other Scott Millers - went on to front the band The Loud Family. Game Theory is best known for its double LP Lolita Nation.

Game Theory is the seventh studio album from Philadelphia hip hop group The Roots, their first on Def Jam Records. It was released on August 29, 2006. The first single, "Don't Feel Right", was released online in May 2006 and is available for free download on the group's My Space page http://www.myspace.com/theroots (link).