English version

game theory

From Longman Business Dictionarygame theoryˈgame ˌtheory [uncountable]STATISTICS a method of guessing how the activities of competing organizations could affect your own company. It involves imagining what other companies will do and calculating the economic results of these actionsGame theory is different from other forms of theorizing because it recognizes that the outcome of a transaction often depends on what other people are doing. theory
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