Definition of theory of games in US English:

theory of games


  • another term for game theory
    • ‘In 1944 a mathematician von Neumann and an economist Morgernstern introduced the theory of games to economics.’
    • ‘Specialists examining confrontational crises frequently rely on one of two methods of inquiry - the theory of games or comparative case studies.’
    • ‘A special case of a utility function had been introduced by von Neumann and Morgenstern in their theory of games.’
    • ‘His main academic concerns are the theory of money and financial institutions, the theory of games and their relationship to strategic behavior, and the management and economics of cultural institutions.’
    • ‘The most significant insight in the theory of games was to recognize that men and women are not Robinson Crusoes - each individual isolated from all other individuals.’