| / English Dictionary |
THEORY OF GAMES
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
(economics) a theory of competition stated in terms of gains and losses among opposing players
Synonyms:
game theory; theory of games
Classified under:
Nouns denoting cognitive processes and contents
Hypernyms ("theory of games" is a kind of...):
scientific theory (a theory that explains scientific observations)
Domain category:
economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)
Domain member category:
zero-sum game (a game in which the total of all the gains and losses is zero)
Nash equilibrium ((game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged)
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