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zero-sum game
zero-sum gamen. A situation in which a gain by one person or side must be matched by a loss by another person or side: "It's not a zero-sum game in which either youth or pensioners must lose" (Earl W. Foell).zero-sum game n (Mathematics) (in game theory) a contest in which one person's loss is equal to the other person's gain Thesaurus| Noun | 1. | zero-sum game - a game in which the total of all the gains and losses is zerogame - a contest with rules to determine a winner; "you need four people to play this game"game theory, theory of games - (economics) a theory of competition stated in terms of gains and losses among opposing players |
zero-sum game
zero-sum gameA situation, process, competition, or outcome in which the winner's gain is exactly equal to the loser's loss. Poker is a zero-sum game because the amount of money won by one player is equivalent to the amount lost by the other players.See also: gamea zero-sum game JOURNALISMIf a situation is a zero-sum game, the advantage that one person gains from it must have an equal disadvantage for someone else. The idea that foreign investment is a zero-sum game — that one country's gain is another's loss — is mistaken. Note: Other nouns are sometimes used instead of game. According to Reed, employee benefits are a zero-sum gain. If costs for one benefit rise, it's often at the expense of another, such as paid vacation and health insurance. Note: A zero-sum game is one in which the winnings and losses of all the players add up to zero. See also: gamezero-sum game
zero-sum game[′zir·ō ¦səm ‚gām] (mathematics) A two-person game where the sum of the payoffs to the two players is zero for each move. zero-sum game any game or analogous social situation in which what one player or side loses the other gains (Von Neumann and Morgenstein, 1947). See also THEORY OF GAMES, PRISONERS’ DILEMMA.zero-sum game
zero-sum gameA game in which the sum of the wins is equal to the sum of the losses. In such a game, every victory by one party results in equivalent losses by other participants. zero-sum game
Zero-sum gameA type of game wherein one player can gain only at the expense of another player.Zero-Sum GameA situation where the gain of one person equates to the loss of another person. That is, for every dollar one person makes in a zero sum transaction, another person loses a dollar. Not every transaction is a zero sum game; stock trading is not because some trades are mutually beneficial to the buyer and the seller. Options and commodity markets, however, are zero sum games because wealth cannot be created from these transactions, only shifted. See also: Wealth creation.zero-sum game A situation in which one person's gain must be matched by another person's loss. Without considering taxes and transaction costs, many types of investing, such as options and futures, are examples of zero-sum games.zero-sum game a situation in GAME THEORY where game players compete for the given total pay-off, so that gains by one player are at the direct expense of the other player(s). For example, here two firms compete against each other in a mature market where total sales are not expanding, then each firm can increase its sales and market share only at the expense of its competitor. zero-sum game
Words related to zero-sum gamenoun a game in which the total of all the gains and losses is zeroRelated Words- game
- game theory
- theory of games
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