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Zero-sum Games
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Flashcards
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If the sum of benefits for all players is added up, it will come to zero.
Trading on a closed market
Strategies involve directly opposing interests; one's strategy benefits only at the expense of the other.
Tic-tac-toe
A mathematical representation of a situation where each participant's gain or loss is exactly balanced by the losses or gains of the other participants.
Bidding in an auction
The Nash Equilibrium in a zero-sum game is when both players have adopted a strategy where neither can benefit by changing their own strategy unilaterally.
Matching Pennies
It is often used to model competitive situations in strategic and economic environments.
War
Resource distribution between players reflects a fixed amount, which gets redistributed.
Rock–Paper–Scissors
A game where one player's gain is equivalent to another's loss.
Poker
The total utility at the end of the game is the same as at the beginning.
Chess
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