Posted on: January 13, 2019
ZERO SUM GAME
In game theory and economic theory, a zero-sum game is a mathematical representation of a situation in which
each participant’s gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. If the total gains of the participants are added up and the total losses are subtracted, they will sum to zero. Thus, cutting a cake, where taking a larger piece reduces the amount of cake available for others, is a zero-sum game if all participants value each unit of cake equally.