What is a zero-sum game?
In: 115
Zero sum is essentially when only one person wins and gets everything as opposed to a win-win scenario where each party wins something of value. It’s typically used as a ruse in the political arena to convince people that if you give to ‘cause a’ there is nothing left to give to ‘cause b’. Ie. if you fund Medicare there’s nothing left for social security when in fact this is untrue and funding either effects neither. When in fact funding one thing does not necessitate the taking from something else. It’s super common and used a lot in politics to muddy the waters. It’s also used emotionally. Ie. If you love 1 child ‘x amount’ that leaves nothing for other children. When in fact love is boundless. In gaming it denotes a play format in which one player takes everything such as in a poker match where there is only one winner.
Zero sum is essentially when only one person wins and gets everything as opposed to a win-win scenario where each party wins something of value. It’s typically used as a ruse in the political arena to convince people that if you give to ‘cause a’ there is nothing left to give to ‘cause b’. Ie. if you fund Medicare there’s nothing left for social security when in fact this is untrue and funding either effects neither. When in fact funding one thing does not necessitate the taking from something else. It’s super common and used a lot in politics to muddy the waters. It’s also used emotionally. Ie. If you love 1 child ‘x amount’ that leaves nothing for other children. When in fact love is boundless. In gaming it denotes a play format in which one player takes everything such as in a poker match where there is only one winner.
If you’ve ever played the game Sorry, and after rounds of craziness, you and every other player end up going back to the same spots you started in
If you’ve ever played the game Sorry, and after rounds of craziness, you and every other player end up going back to the same spots you started in
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.
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.
I always thought of it as betting in roulette. 5 on black, 5 on red. You *should* break even. No loss, no gain. EXCEPT if it lands on green.
I always thought of it as betting in roulette. 5 on black, 5 on red. You *should* break even. No loss, no gain. EXCEPT if it lands on green.
A zero sum game is when every time someone gains something, another person loses that same something. In other words there is a fixed amount.
In negotiation sometimes people think they need to trick or manipulate people to get what they want because they think they can only win if someone else looses. But skilled negotiators try to find a way where everyone is better off. A win-win situation is not zero sum because the total amount of “utility” is increased by cooperation.
In other words, in a zero sum game a pie is divided. In a non-zero sum game size of the pie can be increased (or decreased) so everyone gets more pie.
A zero sum game is when every time someone gains something, another person loses that same something. In other words there is a fixed amount.
In negotiation sometimes people think they need to trick or manipulate people to get what they want because they think they can only win if someone else looses. But skilled negotiators try to find a way where everyone is better off. A win-win situation is not zero sum because the total amount of “utility” is increased by cooperation.
In other words, in a zero sum game a pie is divided. In a non-zero sum game size of the pie can be increased (or decreased) so everyone gets more pie.
Latest Answers