Coordination Game: Difference between revisions
Jump to navigation
Jump to search
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
In game theory, coordination games are a class of games with multiple pure strategy Nash equilibria in which players choose the same or corresponding strategies. Coordination games are a formalization of the idea of a coordination problem, which is widespread in the social sciences, including economics, meaning situations in which all parties can realize mutual gains, but only by making mutually consistent decisions. A common application is the choice of technological standards. ~ Wikipedia [http://en.wikipedia.org/wiki/Coordination_game] | In game theory, coordination games are a class of games with multiple pure strategy Nash equilibria in which players choose the same or corresponding strategies. Coordination games are a formalization of the idea of a coordination problem, which is widespread in the social sciences, including economics, meaning situations in which all parties can realize mutual gains, but only by making mutually consistent decisions. A common application is the choice of technological standards. ~ Wikipedia [http://en.wikipedia.org/wiki/Coordination_game] | ||
==More Information== | |||
* [[Cooperative Game]] | |||
* [[Cooperative Games]] | |||
[[Category:Peereconomy]] | [[Category:Peereconomy]] | ||
[[Category:Gaming]] | [[Category:Gaming]] | ||
Latest revision as of 15:48, 7 April 2017
In game theory, coordination games are a class of games with multiple pure strategy Nash equilibria in which players choose the same or corresponding strategies. Coordination games are a formalization of the idea of a coordination problem, which is widespread in the social sciences, including economics, meaning situations in which all parties can realize mutual gains, but only by making mutually consistent decisions. A common application is the choice of technological standards. ~ Wikipedia [1]