What will determine the final equilibrium in a many-player coordination game?
A) The technically superior standard will always win.
B) Accidents of history will determine the final equilibrium.
C) People will rally behind the initial underdog.
D) No one will be able to make a decision until the government decides for them.

Question

Quizplus · Accepted Answer

In many-player coordination games, there is often no dominant strategy or preferred outcome, leading to multiple equilibria. The final equilibrium will be determined by accidents of history, such as which strategy is adopted first or which group is more influential in promoting their preferred outcome.

What Will Determine the Final Equilibrium in a Many-Player Coordination