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Write a short note on Two-person zero-sum game.

A two-person zero-sum game is a classic scenario in game theory where the interactions between two players are governed by the principle that one player's gain is precisely balanced by the other player's loss. This means the total amount of value or utility in the game remains constant, and the sum of the payoffs for both players always equals zero. Essentially, every advantage gained by one player is matched by an equal disadvantage to the other.

In a zero-sum game, each player has a set of strategies available to them. The outcome of the game depends on the strategy combinations chosen by both players. The players' objective is to maximize their own payoff while minimizing the payoff of their opponent. The interaction is competitive, with each player aiming to optimize their position relative to the opponent's actions.

A key concept in these games is the Nash equilibrium, where each player's strategy is optimal given the strategy chosen by the other player. In zero-sum games, the Nash equilibrium often involves mixed strategies, where players randomize their choices to avoid being predictable and to minimize their opponent’s ability to exploit any patterns.

Examples of two-person zero-sum games include chess, where the gain of material or position by one player results in an equal loss for the other, and poker, where winnings and losses are directly offset. These games often require sophisticated strategies and a deep understanding of the opponent's potential moves.

In summary, two-person zero-sum games are characterized by the constant total value among the players, with each player's success directly linked to the other's failure. They are a cornerstone of strategic decision-making and competitive interactions, showcasing the balance of advantage and disadvantage in competitive scenarios.

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