onnect.html?consumerjd-container C Connect Saved Help Save & Exit Zero-sum means
ID: 1111720 • Letter: O
Question
onnect.html?consumerjd-container C Connect Saved Help Save & Exit Zero-sum means that one person's gain is someone else's loss. Non-zero-sum means that it is possible for everyone to gain. Say whether each of the following represents a zero-sum or a non-zero-sum situation a) Three kids sharing a cookie. This is a Cick to select) situation. b) Two college students collaborating on a class project This is a Click to select)situation. c) Two baseball teams playing a game. This is a (Click to select) 3situation. d) A director and several actors making a movie. This is a (cick to select)situation. e) Two hotels competing for customers in a resort town where the total number of toursts stays the same This is a Click to select) situationExplanation / Answer
Answer (a) - This is zero sum game because no residual will be left. A cookie will get distributed among three kids. Some kids will gain and some will lose. If we sum up the gain and loss, that will be zero.
Answer (b) - This is non- zero sum game. Two college’s students are collaborating on a class project. After completing the project they all will gain. Nobody will lose. Thus everyone one is gaining.
Answer (c) - This is zero sum game. Two baseball teams are playing the game. In this game one team will win and other will lose. One team is gaining and other is losing thus it is zero sum game.
Answer (d) - This is a non zero sum game. A director and several actors are making movie. After completion of this movie everyone will gain.
Answer (e) - This is a zero sum game. Two hotels are competing each other. One hotel's gain is other hotel's loss.
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