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theory of games

NOUN
  1. (economics) a theory of competition stated in terms of gains and losses among opposing players

How To Use theory of games In A Sentence

  • In fact, since the book Theory of games and economic behavior by von Neumann and O. Morgenestem was published, this mathematical method has become an important tool hi modem economic theory.
  • First make use of the theory of games in the research of the ecosystem material flowmodeI .
  • The appropriate mathematics is the theory of games, as I illustrated in my simple explanatory model of three ’strategies’ called ‘cheat’, ’sucker’, and ‘grudger’ … My Favorite Holiday Treat? Richard Dawkins
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