How damaging is zero-sum thinking to an agent's interests when the world is positive-sum? (opens in new tab)

We study whether zero-sum decision rules, maximin and minimax, harm agents' interests in positive-sum strategic environments relative to Nash equilibrium behavior or, more generally, than best response behaviour. Contrary to an influential evolutionary view, we give illustrations where maximin serves an agent's interests better than Nash equilibrium behaviour. We also show that these illustration are not atypical or idiosyncratic because, in o...