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Zero-sum thinking perceives situations as zero-sum games, where one person's gain would be another's loss. The term is derived from game theory. However, unlike
by jpn 6y ago
Zero-sum thinking perceives situations as zero-sum games, where one person's gain would be another's loss. The term is derived from game theory. However, unlike the game theory concept, zero-sum thinking refers to a psychological construct—a person's subjective interpretation of a situation. Zero-sum thinking is captured by the saying "your gain is my loss" (or conversely, "your loss is my gain"). Rozycka-Tran et al. (2015) defined zero-sum thinking as:
> A general belief system about the antagonistic nature of social relations, shared by people in a society or culture and based on the implicit assumption that a finite amount of goods exists in the world, in which one person's winning makes others the losers, and vice versa ... a relatively permanent and general conviction that social relations are like a zero-sum game. People who share this conviction believe that success, especially economic success, is possible only at the expense of other people's failures.
Zero-sum bias is a cognitive bias towards zero-sum thinking; it is people's tendency to intuitively judge that a situation is zero-sum, even when this is not the case. This bias promotes zero-sum fallacies, false beliefs that situations are zero-sum. Such fallacies can cause other false judgements and poor decisions. In economics, "zero-sum fallacy" generally refers to the fixed-pie fallacy.
https://en.wikipedia.org/wiki/Zero-sum_thinking https://en.wikipedia.org/wiki/Zero-sum_thinking
- jpn 6y agoAlso the disparity of wealth can be simply explained by investments (or lack of). If you invest in the stock market, your wealth grows exponentially. If you don't invest in the stock market, your wealth grows linearly. Exponential growth >> linear growth Who owns stocks? Mostly the top 10%. https://www.nytimes.com/2021/01/26/upshot/stocks-pandemic-inequality.html https://www.nytimes.com/2021/01/26/upshot/stocks-pandemic-in...
- jpn 6y ago> Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it. Albert Einstein ...supposedly: https://www.snopes.com/fact-check/compound-interest/ https://www.snopes.com/fact-check/compound-interest/ But you get the point: exponential growth is the key to building wealth.
- igammarays 6y agoSo what if it's not a zero-sum game? You're missing the point. Most people don't care if billionaires make more money. However the REAL problem is the fact that the bottom 90% are struggling to fulfill their basic needs, with prices of rent and water[1] skyrocketing. [1] https://www.theguardian.com/us-news/series/americas-water-crisis https://www.theguardian.com/us-news/series/americas-water-cr...
- jpn 6y agoPutting blame on a false reason is at worst a waste of time & resources and at best a distraction.