GAME THEORY - INTRODUCTION TO GAME THEORY - NASH EQUILIBRIUM

3 important questions on GAME THEORY - INTRODUCTION TO GAME THEORY - NASH EQUILIBRIUM

What is a coordination game?

It mirrors real life. They must coordinate in what they do. Even if that means one enjoying themselves one a little less than the other.

What is a formal prediction on how a game will play out?

Solution Concept

A game in which no external authority for enforcing cooperation exists.

Non Cooperative Game

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