There are two types of games; 1) Those strictly classifiable as zero-, negative-, or positive-sum 2) Those that represent real situations
-
-
The idea that positive- and negative-sum games are meaningful is a common misconception.
-
People using analogies from game theory for real situations talk about them, but game theorists don't.
-
Britannica defines positive-sum game as situation in which the total of gains and losses is greater than zero
-
But games have multiple outcomes,
-
And "total of gains and losses" refers to an outcome, and is only meaningful relative to another outcome.
-
Outcomes or strategy profiles could be described as positive-sum relative to some default outcome.
-
But this terminology makes no sense for talking about whole games.
-
I though that was my original point; real situations don't work that way ... ?
- 5 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.