Zero-Sum Game
Definition
In negotiation or competition, a zero-sum game means one party`s gain is exactly balanced by another`s loss, underlining business and fundraising`s competitive aspects.
Benefits
A zero-sum game shows situations where one party`s gain matches another`s loss, common in competitive markets.
Frequently Asked Questions
What is the zero-sum game in negotiation? A zero-sum game in negotiation is a situation where one party`s gain is exactly balanced by another party`s loss, with no net benefit.
What is the meaning of zero-sum game? A zero-sum game is when one person`s gain is matched by another person`s loss, so there’s no overall change in wealth or benefits.
What is zero-sum competition strategy? Zero-sum competition strategy means one party`s gain is balanced by another`s loss, so any advantage gained by one competitor results in an equivalent disadvantage to another.
Summary
A zero-sum game shows situations where one party`s gain offsets another`s loss, common in competitive markets.