game theory
1 of 1noun/ˈɡeɪm ˈθiəri/
1
a branch of mathematics that studies the strategies of dealing with competitive situations involving conflict of interests, especially in business, war, etc.
- Game theory helps businesses decide on the best pricing strategies.
- In negotiations, game theory can reveal the best tactics to use.
- Game theory can help in strategic planning for sports teams.
- Military planners use game theory to anticipate opponents' moves.
- Economists apply game theory to predict market behavior.
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