What is a zero-sum game?
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A zero-sum game is a mathematical concept in game theory where one player’s gain is exactly balanced by the losses of the other player. In other words, in a zero-sum game, the total benefit among all players in the game is always zero, meaning that for every winner, there must be a loser.
Some common examples of zero-sum games include:
Chess: In chess, one player wins while the other player loses, meaning the total benefit of the game is zero.
Poker: In poker, one player wins while the other player(s) lose, meaning the total benefit of the game is zero.
Bitcoin: NEGATIVE SUM GAME, it used to be a zero sum until most transactions are on platforms which charges a transaction fee.
A contrasting example is the stock market, which can be a positive sum game, where all participants can benefit from the growth of the market from technological advances or economic growth.
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