Difference between revisions of "Zero-sum game"
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A '''zero-sum game''' is a [[competition]] among two or more participants for a fixed amount or quantity of winnable goods. Whatever one participant gains necessarily comes at the expense of the other participants. Thus, the sum of all gains (positive) and losses (negative) is zero, hence the name.<ref>[http://pcp.lanl.gov/ZESUGAM.html Zero sum games]</ref> A situation in which the participants can change the amount or quantity of winnable goods (create or destroy winnable goods) is not a zero-sum game. | A '''zero-sum game''' is a [[competition]] among two or more participants for a fixed amount or quantity of winnable goods. Whatever one participant gains necessarily comes at the expense of the other participants. Thus, the sum of all gains (positive) and losses (negative) is zero, hence the name.<ref>[http://pcp.lanl.gov/ZESUGAM.html Zero sum games]</ref> A situation in which the participants can change the amount or quantity of winnable goods (create or destroy winnable goods) is not a zero-sum game. | ||
| + | ==Non-economic zero-sum games== | ||
| + | Social conservatives recognize that rights are a zero-sum game. As Bill Borst states, "I say that anytime that a new right is born, in the zero sum game of life, it impinges the freedom of another."<ref>[http://bbprof.wordpress.com/2010/11/18/the-new-three-rs/ The New Three R's], by Bill Borst</ref> | ||
==References== | ==References== | ||
<references/> | <references/> | ||
[[Category:Economics terms]] | [[Category:Economics terms]] | ||
Revision as of 21:20, July 5, 2011
A zero-sum game is a competition among two or more participants for a fixed amount or quantity of winnable goods. Whatever one participant gains necessarily comes at the expense of the other participants. Thus, the sum of all gains (positive) and losses (negative) is zero, hence the name.[1] A situation in which the participants can change the amount or quantity of winnable goods (create or destroy winnable goods) is not a zero-sum game.
Non-economic zero-sum games
Social conservatives recognize that rights are a zero-sum game. As Bill Borst states, "I say that anytime that a new right is born, in the zero sum game of life, it impinges the freedom of another."[2]
References
- ↑ Zero sum games
- ↑ The New Three R's, by Bill Borst