What Is A Zero Sum Game

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What Is A Zero Sum Game. A zero sum game is a term used in game theory to describe both real games and situations of all kinds usually between two players or participants where the gain of one player is offset by the loss of another player equaling the sum of zero. A zero-sum game is a condition where if one participant loses the second participant wins and the net disparity in wealth turns zero.

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When You Think Of A Game What Springs To Mind Do You Imagine Winners And Losers Levels And Leaderboards Vast Landscapes To Ex Zero Sum Game Game Theory Sum from www.pinterest.com

A zero-sum game which may have just two or up to millions of participants is one in which one players gain is equivalent to anothers loss therefore the net change in benefit or wealth is zero. A zero-sum game is a condition where if one participant loses the second participant wins and the net disparity in wealth turns zero. It is often described as cutting a pie as opposed to baking new piesZero-sum games may have value as a form of entertainment.

Zero-sum games also apply to finance.

The loser of a zero-sum game will win the game. In game theory and economics this happens when one side wins and the other loses. The net change for everyone involved is zero and no wealth is created or destroyed during. After the losses and gains the net effect on both sides is equal to zero.