zero-sum game


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Zero-sum game

A type of game wherein one player can gain only at the expense of another player.

Zero-Sum Game

A situation where the gain of one person equates to the loss of another person. That is, for every dollar one person makes in a zero sum transaction, another person loses a dollar. Not every transaction is a zero sum game; stock trading is not because some trades are mutually beneficial to the buyer and the seller. Options and commodity markets, however, are zero sum games because wealth cannot be created from these transactions, only shifted. See also: Wealth creation.

zero-sum game

A situation in which one person's gain must be matched by another person's loss. Without considering taxes and transaction costs, many types of investing, such as options and futures, are examples of zero-sum games.

zero-sum game

a situation in GAME

THEORY where game players compete for the given total pay-off, so that gains by one player are at the direct expense of the other player(s). For example, here two firms compete against each other in a mature market where total sales are not expanding, then each firm can increase its sales and market share only at the expense of its competitor.

References in periodicals archive ?
Like O Centro, Hobby Lobby did not concern a zero-sum game.
It is rather comforting to know that the Nash equilibrium for a two-person zero-sum game corresponds to von Neumann's solution.
When reflecting on Reich's exclusion of racial conflict outside the production process, Shulman claims that "slow economic growth has created a zero-sum game for community resources played out along racial lines.
Subsequent chapters discuss the foundation of traditional Q-learning-based optimal adaptive controllers for finite and infinite horizons; quantization effects for linear and nonlinear networked control systems; a two-player zero-sum game-theoretic formulation for linear systems in input-output form enclosed by a communication network; the stochastic optimal control of nonlinear networked control systems by using neurodynamic programming; stochastic optimal design for a nonlinear two-player zero-sum game under communication constraints; distributed joint optimal network scheduling and control design for wireless networked control systems; event-sampled distributed networked control systems; and the effect of network protocols on controller design.
They do not see the negotiations as a zero-sum game but as a process that through constructive dialogue will lead to a win-win situation.
The United States does not view Europe as a battleground between East and West, nor do we see the situation in Ukraine as a zero-sum game," Obama told the Dutch newspaper de Volkskrant in an interview published as he landed in Amsterdam.
The essays operate with the evolutionary biologist's meaning of the term "cooperation," where in a stark zero-sum game an individual forgoes "fitness advantages" to benefit another, while also exploring the concept of the individual caught between morality and biology.
As economic historian John Nye has pointed out, even if competition for relative position is a zero-sum game, the increase in total wealth created by the productive investments of the wealthy benefits the poor.
The shared P&L illustrates that it's a zero-sum game, so effective collaboration among different parts of the management team is vital.
Automotive product development is a zero-sum game to some degree-allocating more funds in one area means less for another, so some good ideas do not make the cut.
Waldman has an admirably mixed attitude toward Morris, who, after all, was his rival in the contest for influence with POTUS (a zero-sum game for most speechwriters).
The challenge is to turn re-engineering from a zero-sum game, in which shareholders benefit from the pain suffered by employees, into a win-win solution for all constituencies.