Question

When the sum of gains of one player is equal to the sum of losses to another player
in a game, this situation is known as
(a) Biased game
(b) zero-sum game
(c) fair game
(d) all of these​

Answer 1

Answer:

(b)

Explanation:

If the sum of gain is exactly equal to the sum of loss then it is called as zero-sum game

Answer 2

Answer: (b) zero - sum game

Explanation:

Zero-sum is a situation in game theory in which one player’s gain is equal to another player's loss, so the net change in wealth is zero. A zero-sum game may have at minimum two players or as many as millions of players. In financial markets, the examples of zero-sum games are options and futures, excluding transaction costs. For every person who gains on contract, there is a counter-party who loses the contract.

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