A Coordination Game

question 21

Multiple Choice

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.

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Definitions:

Primacy And Recency Effects

Psychological phenomena where individuals are more likely to remember the first (primacy) and last (recency) items in a series better than those in the middle.

Attribution Errors

Cognitive biases or mistakes in judgment that occur when individuals wrongly attribute the cause of a behavior or event to personal traits, overlooking the role of situational factors.

Self-fulfilling Prophecy

A belief or expectation that brings about its own fulfillment, often influencing behavior that makes the original conception come true.

Attribution Errors

Misjudgments or biases in attributing causes to someone's behavior, often underestimating the influence of external factors and overestimating the influence of internal traits.