theory of games

Noun
  1. (economics) a theory of competition stated in terms of gains and losses among opposing players (synset 106159692)
    referred to in: 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
    associated with:
    • 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
    is a type of: scientific theory - a theory that explains scientific observations
    same as: game theory

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