the New York City question: if you are to meet a stranger in New York City, but you cannot communicate with the person, then when and where will you choose to meet? This is a coordination game, where any place and time in the city could be an equilibrium solution. Schelling asked a group of students this question, and found the most common answer was “noon at (the information booth at) Grand Central Terminal”. There is nothing that makes Grand Central Terminal a location with a higher payoff (you could just as easily meet someone at a bar or the public library reading room), but its tradition as a meeting place raises its salience and therefore makes it a natural “focal point”.
Example of a Shelling Point or coordination between players without communication.
Josh BeckmanReference
- Notes
- communication, game-theory
- Focal Point
- wikipedia.org
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