theory of games (Meaning)

Wordnet

theory of games (n)

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

No Synonyms and anytonyms found

The theory of games provides a mathematical framework for analyzing strategic interactions among rational agents.
The principles of game theory are applicable in various fields, including economics, politics, and biology.
The Nash equilibrium, a key concept in game theory, describes a set of strategies that no player can unilaterally improve upon.
Game theory models can predict the outcomes of strategic situations, such as auctions, negotiations, and conflicts.
The minimax theorem in game theory provides a strategy for minimizing potential losses in a zero-sum game.
Evolutionary game theory studies the long-term evolution of strategies in games, incorporating concepts such as natural selection.
Cooperative game theory explores situations where players can collaborate and form alliances.
Game theory has been used to model complex systems, such as transportation networks and social networks.
The theory of games has also found applications in computer science, particularly in the design of algorithms for decision-making.
The development of game theory has led to significant advancements in our understanding of strategic behavior and decision-making in competitive environments.

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

No synonyms found.

No antonyms found.

The theory of games provides a mathematical framework for analyzing strategic interactions among rational agents.

The principles of game theory are applicable in various fields, including economics, politics, and biology.

The Nash equilibrium, a key concept in game theory, describes a set of strategies that no player can unilaterally improve upon.

Game theory models can predict the outcomes of strategic situations, such as auctions, negotiations, and conflicts.