What does zero sum mean
What does the phrase zero-sum mean?
In economics, a situation is zero-sum if the gains of one party are exactly balanced by the losses of another and no net gain or loss is created.
Why is it called zero-sum?
A: The term “zero sum” is widely misunderstood as meaning that nobody wins—or perhaps that nobody loses. In fact it means quite the opposite. In any competitive situation, one side can’t win unless the other loses. “Zero-sum” means that when the losses are subtracted from the gains, the sum is zero.
What is the opposite of zero-sum?
A win-win situation is a common term for the opposite of a zero-sum game. The only term is “nonzero sum game”. It need not be either positive sum or negative sum, nor win-win. It’s just a game in which the sum of the payoffs is not constant.
What is another word for zero-sum?
Zero-sum Synonyms – WordHippo Thesaurus.
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What is another word for zero-sum?
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What is another word for zero-sum?
| all-or-nothing | desperate |
|---|---|
| pass-fail | kill-or-cure |
What happens in a zero-sum game?
Zero-sum is a situation in game theory in which one person’s gain is equivalent to another’s loss, so the net change in wealth or benefit is zero. A zero-sum game may have as few as two players or as many as millions of participants.
What does zero-sum game mean in politics?
In game theory and economic theory, a zero-sum game is a mathematical representation of a situation in which an advantage that is won by one of two sides is lost by the other. …