Home / Series / Understanding Economics: Game Theory / Aired Order / Season 1 / Episode 4

Reaching Consensus: Coordination Games

Turn from games of conflict to those of coordination—for example, when companies must decide between competing standards where it’s in everyone’s best interest to make the same choice. Historically, the triumph of VHS for videorecording over Betamax shows that the superior standard doesn’t always prevail. Discover that all coordination games have more than one Nash equilibrium.

English
  • Runtime 30 minutes
  • Production Company The Great Courses
  • Created March 13, 2023 by
    Mandarin7584
  • Modified March 13, 2023 by
    Mandarin7584