In game theory, a game is a set of circumstances where two or more players pick among competing strategies in order to get a payoff. A coordination game is one where players get the best possible payoff by all doing the same thing. Seeing as they cannot know what the other player will do, cooperating is unwise.
Is Battle of Sexes a coordination game?
The battle-of-sexes game is considered a two-player asymmetric coordination game. In this game, there are two players, named Bob and Alice.
Is stag hunt a coordination game?
In game theory, the stag hunt is a game which describes a conflict between safety and social cooperation. Other names for it or its variants include "assurance game", "coordination game", and "trust dilemma". Jean-Jacques Rousseau described a situation in which two individuals go out on a hunt.
Which is an example of a coordination game?
In game theory, coordination games are a class of games in which all pure strategy Nash equilibria exist when players choose the same or corresponding strategies. The classic example for a coordination game is the 2-player, 2-strategy game, with a payoff matrix as shown on the right (Fig. 1).
What is an anti-coordination game?
A symmetric two-player game is said to have the anti-coordination property if, for any mixed strategy, any worst response to the mixed strategy is in the support of the mixed strategy. Every anti-coordination game has a unique symmetric Nash equilibrium, which lies in the interior of the set of mixed strategies.
Is Prisoner's dilemma a cooperative game?
The prisoner's dilemma game can be used as a model for many real world situations involving cooperative behavior.
What is a prisoner's dilemma game?
A prisoner's dilemma describes a situation where, according to game theory, two players acting selfishly will ultimately result in a suboptimal choice for both. The prisoner's dilemma also shows us that mere cooperation is not always in one's best interests.