Asking particularly to people more knowledgeable than me in the fields of Economics and Game Theory, how can we be sure that non-zero sum games exist only if defined in a smaller scope of domain, without taking into account other observables that haven’t been factored in yet / are outside of the model lifespan or are not existent in how the model has been formulated? I often read that “wealth is infinite” but how can it be so with a finite amount of physical resources and a finite amount of energy to transform those resources?
Asking particularly to people more knowledgeable than me in the fields of Economics and Game Theory, how can we be sure that non-zero sum games exist only if defined in a smaller scope of domain, without taking into account other observables that haven’t been factored in yet / are outside of the model lifespan or are not existent in how the model has been formulated? I often read that “wealth is infinite” but how can it be so with a finite amount of physical resources and a finite amount of energy to transform those resources?
A zero-sum game is an activity where you can only win something by winning it from someone, and you can only lose something by losing it to someone. For example, poker is a zero-sum game, because every dollar you win was won from someone, and you can only lose money if someone wins it from you.
If you and a friend contribute seeds to sowing on a farm and then split the harvest at the end of the season, that’s a positive-sum game because you both ended up better off without taking your gains from someone. If you and a friend take turns hitting each other with sticks, that’s a negative-sum game because you both end up worse-off without having improved anyone’s situation.
A zero-sum game is an activity where you can only win something by winning it from someone, and you can only lose something by losing it to someone. For example, poker is a zero-sum game, because every dollar you win was won from someone, and you can only lose money if someone wins it from you.
If you and a friend contribute seeds to sowing on a farm and then split the harvest at the end of the season, that’s a positive-sum game because you both ended up better off without taking your gains from someone. If you and a friend take turns hitting each other with sticks, that’s a negative-sum game because you both end up worse-off without having improved anyone’s situation.
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