What does zero-sum game mean?

Definitions for zero-sum game
ze·ro-sum game

This dictionary definitions page includes all the possible meanings, example usage and translations of the word zero-sum game.

Princeton's WordNet

  1. zero-sum gamenoun

    a game in which the total of all the gains and losses is zero

Wiktionary

  1. zero-sum gamenoun

    A game (or a similar economic system) in which the winnings of some players must equal the losses of others.

Wikipedia

  1. Zero-sum game

    Zero-sum game is a mathematical representation in game theory and economic theory of a situation which involves two sides, where the result is an advantage for one side and an equivalent loss for the other. In other words, player one's gain is equivalent to player two's loss, therefore the net improvement in benefit of the game is zero.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 more significant piece reduces the amount of cake available for others as much as it increases the amount available for that taker, is a zero-sum game if all participants value each unit of cake equally. Other examples of zero-sum games in daily life include games like poker, chess, and bridge where one person gains and another person loses, which results in a zero-net benefit for every player. In the markets and financial instruments, futures contracts and options are zero-sum games as well.In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses can be less than or more than zero. A zero-sum game is also called a strictly competitive game, while non-zero-sum games can be either competitive or non-competitive. Zero-sum games are most often solved with the minimax theorem which is closely related to linear programming duality, or with Nash equilibrium. Prisoner's Dilemma is a classical non-zero-sum game.

ChatGPT

  1. zero-sum game

    A zero-sum game is a mathematical concept in game theory where the total gain of all participating entities equals zero, implying that any gain by one participant results in corresponding losses by others. It represents a situation where the interests of the players are in direct and total opposition, meaning one's gain is the other's loss. This term is often used in economics and finance, where the wealth or gain is fixed and a gain by one party requires losses by others.

Wikidata

  1. 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 zero–sum game is also called a strictly competitive game while non-zero–sum games can be either competitive or non-competitive. Zero–sum games are most often solved with the minimax theorem which is closely related to linear programming duality, or with Nash equilibrium.

Matched Categories

How to pronounce zero-sum game?

How to say zero-sum game in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of zero-sum game in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of zero-sum game in Pythagorean Numerology is: 8

Examples of zero-sum game in a Sentence

  1. National Security Adviser Susan Rice:

    We reject reductive reasoning and lazy rhetoric that says conflict between the U.S. and China is inevitable even as we've been tough with China where we disagree, this isn't a zero sum game.

  2. Foreign Minister Qin:

    The US claims it seeks to compete with China but does not seek conflict. But in reality, the so-called ‘competition’ by the US is all-round containment and suppression, a zero-sum game of life and death, containment and suppression will not make America great, and the US will not stop the rejuvenation of China.

  3. State John Kerry:

    We don't view this as a zero-sum game ; we have never viewed it that way, this is not meant to be, nor should it be, a divide between East and West. This is about rule of law ; it's about the norms by which nation states behave.

  4. Mandy Grunwald:

    The reaction in our party implies that it's a zero-sum game : We only talk about Donald Trump or we never talk about Donald Trump. We're in the' and' zone. People want to talk about the economy and what's happening in people's lives, and all kinds of stuff, but you just can't ignore this. It's that sense that you have to choose, it's one or the other : Because Terry McAuliffe didn't win, and Terry McAuliffe talked about Donald Trump, that's the end of it. That's nonsense.

  5. Chief Executive Fred Tomczyk:

    We continue to believe that commission price wars are a zero-sum game, different competitors may take different courses of action.


Translations for zero-sum game

From our Multilingual Translation Dictionary

Get even more translations for zero-sum game »

Translation

Find a translation for the zero-sum game definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"zero-sum game." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/zero-sum+game>.

Discuss these zero-sum game definitions with the community:

0 Comments

    Are we missing a good definition for zero-sum game? Don't keep it to yourself...

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    a fabric with a nap that is longer and softer than velvet
    A whirring
    B disjointed
    C transparent
    D plush

    Nearby & related entries:

    Alternative searches for zero-sum game: