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social science subjects > economics > microeconomics > game theory

Preferred term

game theory  

Definition

  • Game theory is a branch of mathematics dealing with how rational and interdependent actors make decisions in situations in which their interests conflict or converge. Although the theory is normative, describing how rational actors behave, its concepts and methods have proved to be useful in all the social sciences. [Source: Encyclopedia of Social Theory; Game Theory]

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https://concepts.sagepub.com/social-science/concept/game_theory

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