«

»

Feb 22

Print this Post

What’s a ZERO-SUM GAME? – Now I Know

A ZERO-SUM GAME is a situation in which what is gained by one person or group is lost by another.

Here is an example that describes what a zero-sum situation is:

 

ID-100299559

To understand zero-sum games, it is helpful to think of the following example: If I have a slice of pizza and my brother has none, our collective wealth is ZERO. If he takes my pizza away from me, our collective wealth will still be zero. So in a zero-sum game, the collective wealth (= what we have together) remains the same, it is just a matter of how we divide it up between us. Therefore a zero-sum game is always highly competitive because your gain (= what you get) will be someone else’s loss (=what you lose or cannot keep/get).

 

 

RELATED POSTS

Bonds or shares? – Easily Confused Economic Terms

Bonding & Sharing – Picture Dictionary

 

 

If you like our website, share it with friends and colleagues. Thanks!

Image courtesy of  tiverylucky at FreeDigitalPhotos.net

Permanent link to this article: http://www.euenglish.hu/2016/02/whats-a-zero-sum-game-now-i-know/

Switch to mobile version