Zero-sum game - Revision history

Pokeria1: /* See also */

2020-12-07T00:42:37Z

RobSmith at 17:45, August 4, 2019

2019-08-04T17:45:48Z

RobSmith at 17:44, August 4, 2019

2019-08-04T17:44:07Z

RobSmith at 17:15, August 4, 2019

2019-08-04T17:15:05Z

RobSmith at 17:11, August 4, 2019

2019-08-04T17:11:33Z

DavidE: /* Non-economic zero-sum games */ internal link

2018-01-01T19:55:11Z

Non-economic zero-sum games: internal link

DavidE: /* Non-economic zero-sum games */ clarified

2018-01-01T19:54:10Z

Non-economic zero-sum games: clarified

DavidE: /* Non-economic zero-sum games */ correct prediction by social conservatives

2018-01-01T19:52:25Z

Non-economic zero-sum games: correct prediction by social conservatives

1990'sguy: /* Non-economic zero-sum games */

2017-12-28T23:16:18Z

Non-economic zero-sum games

1990'sguy: /* Non-economic zero-sum games */

2017-12-28T23:15:43Z

Non-economic zero-sum games

@@ Line 11: / Line 11: @@
 ==See also==
 *[[False zero-sum game]]
 ==References==
 <references/>
 [[Category:Economics terms]]

@@ Line 1: / Line 1: @@
 A '''zero-sum game''' is a [[competition]] among two or more participants for a fixed amount or quantity of winnable goods.  Whatever one participant gains necessarily comes at the expense of the other participants.  Thus, the sum of all gains (positive) and losses (negative) is zero, hence the name.<ref>[http://pcp.lanl.gov/ZESUGAM.html Zero sum games]</ref>  A situation in which the participants can change the amount or quantity of winnable goods (create or destroy winnable goods) is not a zero-sum game, but is instead a variable-sum game.
-Zero sum contradicts the [[Win-Win]] sales model,<ref>[[Adam Smith]] described the process, "Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater part of those good offices which we stand in need of." ''[https://www.econlib.org/library/Smith/smWN.html?chapter_num=5#anchor_nn43 Wealth of Nations],'' Book I Chapter 2.</ref> that voluntary transactions are beneficial to both parties. Zero sum denies the benefits of [[economic growth]], as [[President Kennedy]] said, "a rising tied lift all boats," and assumes one person's gain or [[profit]] comes at another person's loss.  Zero sum thinking results in rationing, or "sustainability," as the word is often misused in modern times. Zero sum thinking results in dividing up limited resources rather than focusing on expanding opportunities to create new wealth.
+Zero sum contradicts the [[Win-Win]] sales model,<ref>[[Adam Smith]] described the process, "Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater part of those good offices which we stand in need of." ''[https://www.econlib.org/library/Smith/smWN.html?chapter_num=5#anchor_nn43 Wealth of Nations],'' Book I Chapter 2.</ref> that voluntary transactions are beneficial to both parties. Zero sum denies the benefits of [[economic growth]], as [[President Kennedy]] said, "a rising tied lifts all boats," and assumes one person's gain or [[profit]] comes at another person's loss.  Zero sum thinking results in rationing, or "sustainability," as the word is often misused in modern times. Zero sum thinking results in dividing up limited resources rather than focusing on expanding opportunities to create new wealth.
 Zero sum is anti-[[entrepreneur]]ial.

@@ Line 1: / Line 1: @@
 A '''zero-sum game''' is a [[competition]] among two or more participants for a fixed amount or quantity of winnable goods.  Whatever one participant gains necessarily comes at the expense of the other participants.  Thus, the sum of all gains (positive) and losses (negative) is zero, hence the name.<ref>[http://pcp.lanl.gov/ZESUGAM.html Zero sum games]</ref>  A situation in which the participants can change the amount or quantity of winnable goods (create or destroy winnable goods) is not a zero-sum game, but is instead a variable-sum game.
-Zero sum contradicts the [[Win-Win]] sales model, that voluntary transactions are beneficial to both parties. Zero sum denies the benefits of [[economic growth]], as [[President Kennedy]] said, "a rising tied lift all boats," and assumes one person's gain or [[profit]] comes at another person's loss.  Zero sum thinking results in rationing, or "sustainability," as the word is often misused in modern times. Zero sum thinking results in dividing up limited resources rather than focusing on expanding opportunities to create new wealth.
+Zero sum contradicts the [[Win-Win]] sales model,<ref>[[Adam Smith]] described the process, "Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater part of those good offices which we stand in need of." ''[https://www.econlib.org/library/Smith/smWN.html?chapter_num=5#anchor_nn43 Wealth of Nations],'' Book I Chapter 2.</ref> that voluntary transactions are beneficial to both parties. Zero sum denies the benefits of [[economic growth]], as [[President Kennedy]] said, "a rising tied lift all boats," and assumes one person's gain or [[profit]] comes at another person's loss.  Zero sum thinking results in rationing, or "sustainability," as the word is often misused in modern times. Zero sum thinking results in dividing up limited resources rather than focusing on expanding opportunities to create new wealth.
 Zero sum is anti-[[entrepreneur]]ial.

← Older revision		Revision as of 17:15, August 4, 2019
Line 2:		Line 2:

	Zero sum contradicts the [[Win-Win]] sales model, that voluntary transactions are beneficial to both parties. Zero sum denies the benefits of [[economic growth]], as [[President Kennedy]] said, "a rising tied lift all boats," and assumes one person's gain or [[profit]] comes at another person's loss. Zero sum thinking results in rationing, or "sustainability," as the word is often misused in modern times. Zero sum thinking results in dividing up limited resources rather than focusing on expanding opportunities to create new wealth.		Zero sum contradicts the [[Win-Win]] sales model, that voluntary transactions are beneficial to both parties. Zero sum denies the benefits of [[economic growth]], as [[President Kennedy]] said, "a rising tied lift all boats," and assumes one person's gain or [[profit]] comes at another person's loss. Zero sum thinking results in rationing, or "sustainability," as the word is often misused in modern times. Zero sum thinking results in dividing up limited resources rather than focusing on expanding opportunities to create new wealth.
		+
		+	Zero sum is anti-[[entrepreneur]]ial.

	==Non-economic zero-sum games==		==Non-economic zero-sum games==

@@ Line 1: / Line 1: @@
 A '''zero-sum game''' is a [[competition]] among two or more participants for a fixed amount or quantity of winnable goods.  Whatever one participant gains necessarily comes at the expense of the other participants.  Thus, the sum of all gains (positive) and losses (negative) is zero, hence the name.<ref>[http://pcp.lanl.gov/ZESUGAM.html Zero sum games]</ref>  A situation in which the participants can change the amount or quantity of winnable goods (create or destroy winnable goods) is not a zero-sum game, but is instead a variable-sum game.
 ==Non-economic zero-sum games==
 *Social [[conservatives]] recognize that [[rights]] are a zero-sum game.  As Bill Borst states, "I say that anytime that a new right is born, in the zero sum game of life, it impinges the freedom of another."<ref>[http://bbprof.wordpress.com/2010/11/18/the-new-three-rs/ The New Three R's], by Bill Borst</ref>