Asked by Krishanvir Dhami on Jul 11, 2024

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A zero-sum or constant-sum game is one in which the parties view conflict as a fixed pie - where one party wins, the other must lose.

Zero-Sum Game

A theoretical situation in negotiation or conflict where one party's gain is directly proportional to another's loss, leaving no net benefit.

Constant-Sum Game

A situation in decision theory where the total payoff to all players remains constant regardless of the strategies employed, implying that any gain by one party directly corresponds to a loss by another.

  • Master the basic principles of distributive and integrative bargaining models.
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Lovely ShunniJul 17, 2024
Final Answer :
True
Explanation :
In a zero-sum or constant-sum game, the parties believe that there is a fixed amount of resources or benefits to be divided and any gain by one party will necessarily result in a loss by the other party. Therefore, one party winning means the other must lose.