Karl Jones: Created page with "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...."

2016-05-24T23:30:15Z

Created page with "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...."

New page

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.

== Description ==

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.

== See also ==

* [[Consensus decision-making]]
* [[Cooperative game]]
* [[Coordination failure (economics)]]
* [[Equilibrium selection]]
* [[Game theory]]
* [[Non-cooperative game]]
* [[Self-fulfilling prophecy]]
* [[Strategic complements]]
* [[Social dilemma]]
* [[Supermodular]]
* [[Uniqueness or multiplicity of equilibrium]]

== External links ==

* [https://en.wikipedia.org/wiki/Coordination_game Coordination game] @ Wikipedia

[[Category:Game theory]]

Coordination game - Revision history

Karl Jones: Created page with "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...."