Електронний багатомовний

термінологічний словник

Electronic Multilingual Terminological Dictionary


Economics

Zero-sum game

A zero-sum game is a situation often cited in game theory, in which an advantage that is won by one of two sides is lost by the other. After the losses and gains, the net effect on both sides is equal to zero. A zero-sum game may have as few as two players or as many as millions of participants. The model of a zero-sum game includes all the resources at the start, meaning the supply of resources is insusceptible to shrinkage, growth or any external intervention. The zero-sum game only allows for the redistribution of the initial amount of resources.A zero-sum game assumes perfect information and perfect competition, where both parties make an informed decision and have all the relevant information.

Sources:

Kenton, W. (2003, 18 November). Zero-Sum Game Definition in Finance, With Example. Investopedia. Retrieved from: https://bit.ly/42rzDrP

zero-sum game. (n. d.). Cambridge Dictionary | English Dictionary, Translations & Thesaurus. Retrieved from: https://bit.ly/3SqSqjn

Zero-Sum Game Meaning (Plus Examples and Importance). (2023, 4 February). Indeed. Retrieved from: https://bit.ly/3HxXJqU

Part of speech Noun
Countable/uncountable Countable
Type Abstract
Gender Female
Case Nominative