game theory



  • noun a mathematical method of analysis used in operational research to predict the outcomes of games of strategy and conflicts of interest. It is used to assess the likely strategies that people will adopt in situations governed by a particular set of rules and to identify the best approach to a particular problem or conflict.

Health Economics

  • (written as Game Theory)
    Game theory consists of models of strategic decisions, as the parties to the game move or propose moves and countermoves. The playfulness implied by the label is by no means a common characteristic either of the game in question (which may be a war) or of the players (who may be criminals).