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by vecter 2246 days ago
Zero-sum in wealth, but not zero-sum in utility. Otherwise, people wouldn't trade at all.
1 comments

That's not true, it just needs to cost you more to not play than it does to play.

Something like:

    |            | Play | Don't Play |
    |------------+------+------------|
    | Play       |   -5 |        +10 |
    | Don't Play |  -10 |          0 |
Your payoffs are not zero sum.

> 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.

Yes? The point is that no one playing has the highest payout for the group[1].

[1] You can change the +10 to +9 if you want to make it the absolute highest total payout.

Sorry I don’t follow. Can you elaborate?