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Meaning of game theory

game' the"ory

Pronunciation: [key]
  1. a mathematical theory that deals with strategies for maximizing gains and minimizing losses within prescribed constraints, as the rules of a card game: widely applied in the solution of various decision-making problems, as those of military strategy and business policy. Also called
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.