
Game theory | Definition, Facts, & Examples | Britannica
Nov 21, 2025 · This article describes some simple games, discusses different theories, and outlines principles underlying game theory. Additional concepts and methods that can be used to analyze and …
Game theory - Strategies, Equilibrium, Payoffs | Britannica
Oct 31, 2025 · Game theory does not attempt to state what a player’s goal should be; instead, it shows how a player can best achieve his goal, whatever that goal is. Von Neumann and Morgenstern …
Development and basics of game theory | Britannica
game theory, Branch of applied mathematics devised to analyze certain situations in which there is an interplay between parties that may have similar, opposed, or mixed interests.
Definition, Example, Game Theory, & Facts - Britannica
Nov 14, 2025 · The basic prisoners’ dilemma is an imaginary situation in which two prisoners are accused of a crime. If one confesses and the other does not, the prisoner who confesses will be …
Chess - Development of theory | Britannica
Nov 7, 2025 · Chess theory consists of opening knowledge, tactics (or combinations), positional analysis (particularly pawn structures), strategy (the making of long-range plans and goals), and endgame …
Rational choice theory | Definition, Examples, & Facts - Britannica Money
As its name suggests, game theory represents a formal study of social institutions with set rules that relate agents’ actions to outcomes. Such institutions may be thought of as resembling the parlour …
Game theory - Von Neumann, Morgenstern, Theory | Britannica
Nov 21, 2025 · All in all, game theory holds out great promise not only for advancing the understanding of strategic interaction in very different settings but also for offering prescriptions for the design of …
Game theory - Strategies, Payoffs, Equilibrium | Britannica
Nov 21, 2025 · Game theory - Strategies, Payoffs, Equilibrium: Much of the early work in game theory was on two-person constant-sum games because they are the easiest to treat mathematically.
Number theory | Definition, Topics, & History | Britannica
Nov 20, 2025 · Modern number theory is a broad subject that is classified into subheadings such as elementary number theory, algebraic number theory, analytic number theory, geometric number …
Nash equilibrium | Definition, Examples, & Facts | Britannica
Dec 11, 2025 · Game theory uses mathematics to model and analyze situations in which decisions are interdependent. While it can be used to model recreational games such as Monopoly or poker, it is …