Monday, May 9, 2011

Zero Sum Game

a zero-sum game is a mathematical representation of a situation in which a participant's gain or loss is exactly balanced by the losses or gains of the other participant(s). If the total gains of the participants are added up, and the total losses are subtracted, they will sum to zero. Cutting a cake is zero-sum game, because taking a larger piece reduces the amount of cake available for others. In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses is either less than or more than zero. A zero-sum game is also called a strictly competitive game. Zero–sum games are most often solved with the minimax theorem which is closely related to linear programming duality.

No comments:

Post a Comment