ZEROSUMGAME

Zero-sum game

In game theory and economic theory, a zero-sum game is a mathematical representation of a situation in which a participant's gain of utility is exactly balanced by the losses of the utility of the other participant. If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero. Thus cutting a cake, where taking a larger piece reduces the amount of cake available for others, is a zero-sum game if all participants value each unit of cake equally . In contrast, non–zero sum describes a situation in which the interacting parties' aggregate gains and losses are either less than or more than zero. A ...

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