zero-sum - meaning and definition. What is zero-sum
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What (who) is zero-sum - definition

MATHEMATICAL REPRESENTATION OF A SITUATION IN WHICH EACH PARTICIPANT'S GAIN OR LOSS OF UTILITY IS EXACTLY BALANCED BY THE LOSSES OR GAINS OF THE UTILITY OF THE OTHER PARTICIPANTS
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  • Zero-sum three-person game

zero-sum         
¦ adjective denoting a game or situation in which whatever is gained by one side is lost by the other.
zero-sum game         
If you refer to a situation as a zero-sum game, you mean that if one person gains an advantage from it, someone else involved must suffer an equivalent disadvantage.
They believe they're playing a zero-sum game, where both must compete for the same paltry resources.
N-SING
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.

Wikipedia

Zero-sum game

Zero-sum game is a mathematical representation in game theory and economic theory of a situation that 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, with the result that 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.

Examples of use of zero-sum
1. Terms such as zero sum or non–zero sum games are now part of every educated persons vocabulary.
2. Zero–sum game This zero–sum game led to the making of grave mistakes by all parties.
3. Zero–sum math is something we are comfortable with.
4. Democracy should be anything but a zero sum game.
5. He sees the world in zero–sum terms," McFaul said.