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Game theory
01
a branch of mathematics that studies the strategies of dealing with competitive situations involving conflict of interests, especially in business, war, etc.
game theory
n
Example
Game theory can help in strategic planning for sports teams.
Economists apply game theory to predict market behavior.
Military planners use game theory to anticipate opponents' moves.
Game theory helps businesses decide on the best pricing strategies.
In negotiations, game theory can reveal the best tactics to use.
