Module 3 Simultaneous Games: 3.9 the 5 standard 2×2 coordination games
This clip explains the basic 2×2 coordination games and the strategic dilemmas that each illustrates. Each one is associated with multiple Nash Equilibria – that is with multiple reasonable ways of playing the game. How then, will rational players play these games , and what will they believe about how others will play?
- pure coordination
- chicken (hawk dove)
- stag hunt (2 and 3 person variants)
- Battle of the Sexes
Everybody in game theory knows these games – so you should too.