Initiating Coordination

Paul Weirich
2007 Philosophy of Science  
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.
doi:10.1086/525622 fatcat:x3da2kpdkrgnpaqxcd3xk2pnpm