Decision Sciences
8 years ago

Game Theory Breakthrough: Coalitions Can Undermine Nash Equilibria, Upending Noncooperative Environments

Palgrave Macmillan UK eBooks
On Perfectly Coalition-proof Nash Equilibria
Bezalel Peleg

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The Nash equilibrium, a key concept in game theory, has limitations due to the need for players to communicate and coordinate strategies. Without communication, players may form coalitions and deviate from the equilibrium. This shows that in many real-life situations, preplay communication is necessary for players to reach a stable outcome in games.