A zero-sum game is a situation where, if one party loses, the other party wins, and the net change in wealth is zero. Zero-sum games can include just two players or millions of participants.
zero-sum game. A situation in which an economic gain by one country results in an economic loss by another.
Chess, for example, is a zero-sum game: it is impossible for both players to win (or to lose). Monopoly (if it is not played with the intention of having just one winner) on the other hand, is a non-zero-sum game: all participants can win property from the "bank".
Types of Games There are several different kinds of games that are studies using game theory: Zero-sum game: The players' interests are in direct conflict with one another. For example, in football, one team wins and the other team loses. If a win equals +1 and a loss equals -1, the sum is zero.
A game of poker is an example of a zero-sum game, because one player's loss is another player's gain in this game.
The stock market is not an example of a zero-sum game because gains can be made by more than one party and do not necessarily have to result from another's loss.
A prisoners' dilemma is a game with all of the following characteristics except one....Q.Which of the following is a zero-sum game?B.chessC.a cartel member's decision regarding whether or not to cheatD.all of the aboveAnswer» b. chess1 more row
A zero-sum game is one in which no wealth is created or destroyed. So, in a two-player zero-sum game, whatever one player wins, the other loses. Therefore, the player share no common interests. There are two general types of zero-sum games: those with perfect information and those without.
An example of a zero-sum game is poker, because each player wins exactly the total amount their opponents lose (ignoring the possibility of the house's cut). Chess, or any other two-player game with one winner and one loser, can also be seen as a zero-sum game: just say the winner wins $1 and the loser loses $1.
What Is a Zero-Sum Game? A zero-sum game describes a relationship, competition, or business deal where one person's gain is the other person's loss. The phrase "zero-sum game" comes from game theory and the notion that if one person wins and the other person loses, this produces a net gain of zero.
The "zero-sum game" is a Game Theory illustration of instances in which one player's win necessitates the other player's loss; in other words, there is no such thing as a win-win scenario where both players benefit.
Zero-sum thinking perceives situations as zero-sum games, where one person's gain would be another's loss. The term is derived from game theory. However, unlike the game theory concept, zero-sum thinking refers to a psychological construct—a person's subjective interpretation of a situation.