Initiating Coordination
Abstract
How do rational agents coordinate in a single-stage, noncooperative game? Common knowledge of the payoff matrix and of each player's utility maximization among his
strategies does not suffice. This paper argues that utility maximization among intentions and then acts generates coordination yielding a payoff-dominant Nash equilibrium.
Part of
Citation
Philosophy of Science, 74 (December 2007) pp. 790-801.