Noun
(economics) a theory of competition stated in terms of gains and losses among opposing players
Source: WordNetI think game theory creates ideas that are important in solving and approaching conflict in general. Robert Aumann
"Interactive Decision Theory" would perhaps be a more descriptive name for the discipline usually called Game Theory. Robert Aumann
Game theory is a theory of strategic interaction. That is to say, it is a theory of rational behavior in social situations in which each player has to choose his moves on the basis of what he thinks the other players' countermoves are likely to be. John Harsanyi
Although the drama of games of strategy is strongly linked with the psychological aspects of the conflict, game theory is not concerned with these aspects. Game theory, so to speak, plays the board. It is concerned only with the logical aspects of strategy. Anatol Rapoport
A thorough understanding of game theory, should dim these greedy hopes. Knowledge of game theory does not make one a better card player, businessman or military strategist. Anatol Rapoport
It is the shortcomings of game theory (as originally formulated) which force the consideration of the role of ethics, of the dynamics of social structure, and of social structure and of individual psychology in situations of conflict. Anatol Rapoport