Saturday, September 8, 2007

Zugzwang - Monday Morning at the Market

A player is put at a disadvantage because he has to make a move — the player would like to pass and make no move. The fact that the player must make a move means that his position will be significantly weaker than the hypothetical one in which it is his opponent's (The Market) turn to move. In combinatorial game theory, it means that it directly changes the outcome of the game from a win to a loss. When all possible moves weaken the position.

"I'm not concerned about the return on my money but the return OF my money."
- Will Rogers

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