In a game with multiple Nash equilibria, all of the following can be used to determine the equilibrium of the game except which one?
A)refinements
B)a coin flip
C)the Pareto criterion
D)the Focal point

Question

Quizplus · Accepted Answer

A coin flip is not a reliable or reasonable method for determining a Nash equilibrium in a game. Refinements, the Pareto criterion, and the Focal point are all valid methods for determining the equilibrium.

In a Game with Multiple Nash Equilibria, All of the Following