Asked by Krishanvir Dhami on Jul 11, 2024
Verified
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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Learning Objectives
- Master the basic principles of distributive and integrative bargaining models.
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