Game theory

{
  "id": "MLC-T-ENV-012006",
  "term": "Game theory",
  "field": "Environment",
  "term_source": "Game Theory",
  "definition": "1. The study of decision problems in competitive situations. Game theory is concerned with the derivation of rules for making decisions when two or more persons or organizations are competing for some objective. (U.S. Forest Serv., 1972B)\n\n2. Branch of applied mathematics that models interactions among agents where an agent’s choice and subsequent success depend on the choices of other agents that are simultaneously acting to maximize their own results or minimize their losses.",
  "subject": "Fields of study",
  "references": [
    "USDA Forest Service Wildland Planning Glossary",
    "DHS Risk Steering Committee Risk Lexicon 2010 Edition"
  ],
  "url": "https://mlchart.com/terminology/environment/game-theory/"
}