A game in which the players have a common interest in reaching an equilibrium yet, if there are multiple equilibria, their preferences may differ as to which is the best, is called a
A) mixed strategy
B) coordination game
C) noncooperative game

Question

Quizplus · Accepted Answer

A coordination game is a type of game where players have a common interest in reaching an equilibrium, but there may be multiple equilibria and each player may have different preferences as to which equilibrium is best. In this type of game, the players must coordinate their actions in order to achieve the desired outcome. A mixed strategy involves players choosing different actions with a certain probability, while a noncooperative game involves players making decisions independently without considering the other player's actions.

A Game in Which the Players Have a Common Interest