What Is A Zero Sum Game. It is often described as cutting a pie as opposed to baking new piesZero-sum games may have value as a form of entertainment. Theory of games is what gives the term its name.
Definition of zero-sum game. In economics a situation is zero-sum if the gains of one party are exactly balanced by the losses of another and no net gain or loss is created. After the losses and gains the net effect on both sides is equal to zero.
A zero-sum game is an activity that produces no value but is concerned with gaining a bigger piece of existing value.
This negotiation strategy is typical of competitive negotiators that belongs to such emerging countries as China Russia or Arab countries. For instance if a person plays a single game of chess with someone else one person will lose and one. Definition of zero-sum game. Zero sum game is a situation in economics where one partys win causes other parties to lose exactly in the same proportionThe aggregate result of all parties results equals zero.
