A coordination game
A)is a game with multiple Nash equilibria where players can credibly coordinate to select one of the equilibria.
B)is a game where players coordinate to maximize joint profits.
C)cannot be solved with cheap talk.
D)always has one Nash equilibrium and no dominated strategies.

Question

Quizplus · Accepted Answer

A coordination game is a game where players need to coordinate with each other to achieve a mutually beneficial outcome. The game may have multiple Nash equilibria, but the players can use credible communication to agree on one of the equilibria. This type of game is common in real-world situations, such as choosing a meeting time or location.

A Coordination Game