Examlex
Transference refers to:
Zero-sum Game
A situation in which one party's gain is exactly balanced by another party's loss, so the net change in wealth or benefit is zero.
Gains
Refers to increases in wealth, income, or resources, often resulting from investment or business operations.
Losses
The negative financial result from an entity's operations, when the total costs exceed total revenues.
Game Theory
A mathematical and analytical framework used to study strategic interactions among rational decision-makers, aiming to predict outcomes in competitive situations.
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