Meaning Of Zero Game

Zero sum games are described by game theory a field of economics that study the interaction between participants inside the game a term that describe a given.

Meaning of zero game. Meaning of zero sum game. The order of play proceeds as follows. The first player red chooses in secret one of the two actions 1 or 2.

Then the choices are revealed and. Information and translations of zero sum game in the most comprehensive dictionary definitions resource on the web. If you refer to a situation as a zero sum game you mean that if one person gains an.

When the interacting parties aggregate gains and. In the financial markets for instance speculators essentially place bets on the future prices of certain commodities. Consider for example the two player zero sum game pictured at right or above.

Zero sum game is a situation in economics where one party s win causes other parties to lose exactly in the same proportion the aggregate result of all parties results equals zero. Zero mostel took on this name for its comedic value but there would be nothing funny about giving it to an unfortunate child. Zero origin and meaning the name zero is a boy s name of arabic origin meaning void.

Meaning pronunciation translations and examples. A zero sum game may have as. A non zero sum game is the opposite of a zero sum game.

Thus if you disagree with the consensus that wheat prices are going to fall you might buy a futures contract. A situation in which an advantage that is won by one of two sides is lost by the other. A game s payoff matrix is a convenient representation.