Understanding zero sum games and non-zero sum games
Posted: | Categories: learning in public
Hello all. This is a mathematical concept that turns out to be very important in business too. Zero-sum game A zero-sum game is a game where when someone wins something, someone else suffers an equivalent loss. So if there is a pie and two eaters, when one person eats a slice of pie, there is less left for the other. Most sports are zero-sum games. An example in business is market share; if you increase yours, someone else is losing market share. Read more...