SMU H3 Notes Game TheoryGamesSMU H3

Common-Knowledge Coordination Game

Game theory analysis: Common-Knowledge Coordination Game.


Setup

Definition:

Common-Knowledge Coordination Game

  • Players: Commander 1 and Commander 2.
  • Strategies: Each commander chooses Attack or Wait.
  • Rules: Players choose after finite confirmations; attacking is safe only with common knowledge of coordination.

Payoff Matrix

AttackWait
Attack1, 1-1, -1
Wait-1, -10, 0

Common Knowledge

Derivation (Logic of Confirmations)

Nash Equilibrium

Result:

No finite number of confirmations can guarantee successful coordination.

Insights

Insight:

Coordination is fragile when it requires common knowledge.

“Everyone knows” is not enough, as players must know that others know, and so on.

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