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Concept
Coordination Game
Summary
A
coordination game
is a type of
game theory scenario
where
players benefit
from making the
same choices
or adopting the
same strategies
, resulting in
multiple possible equilibria
. The challenge lies in the
players' ability
to
align their strategies
without
direct communication
, often relying on conventions or
focal points
to
achieve coordination
.
Relevant Degrees
Operational Research 70%
Economic Theory and Concepts 30%
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