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theoretically, the economy overall may not necessarily be zero-sum. Many smaller games, of the size you are actually going to be playing in your life, are exac
by inter_netuser 6y ago
theoretically, the economy overall may not necessarily be zero-sum.
Many smaller games, of the size you are actually going to be playing in your life, are exactly zero-sum.
Limited number of startups in every batch of YC. zero sum.
Limited amount of seed funding available globally for startup. zero-sum.
Even fewer funding available for Series-B. zero-sum.
- WalterBright 6y ago> may non necessarily be zero-sum The economy grows substantially every year. How is that possible if it is zero-sum? > are exactly zero-sum Sports games, like baseball, are exactly zero-sum, because they are deliberately set up and enforced as win-lose. Free markets, on the other hand, are based on win-win.
- dragonwriter 6y ago> The economy grows substantially every year. How is that possible if it is zero-sum? It is (approximately, in the developed world) zero-sum because outside of the most extreme poverty, experienced utility is a function much more of relative material position than of absolute position, so increases in inequality drives disutility while improvements in absolute position accompanying such increases do not significantly offset the disutility from inequality (and the reverse would be true with increasing equality even with declines in aggregate absolute position.)
- WalterBright 6y agoCountries the world over are getting richer.