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'''Game theory''' is a mathematical theory in [[economics]] that studies situations in which players choose different actions in an attempt to maximize their profits. It Provides a formal approach to the study of strategies and extends the simpler optimization approach developed in neoclassical economics. Game theory can be viewed as a branch of [[decision theory]] in which players of the game interact with each other.
Game theory was developed in 1944, by [[John von Neumann]] and [[Oskar Morgenstern]], and was popularized in the 2001 film '''A Beautiful Mind''', staring Russell Crowe as mathematician and game theorist John Forbes Nash.
Game theory was developed in 1944, by [[John von Neumann]] and [[Oskar Morgenstern]], and was popularized in the 2001 film '''A Beautiful Mind''', staring Russell Crowe as mathematician and game theorist John Forbes Nash.