A cooperative game is one in which players are able to make enforceable contracts. Hence, it is not defined as games in which players actually do cooperate,
but as games in which any cooperation
is enfoceable by an outside party (e.g., a judge, police, etc.). In termed non-cooperative games, contracts must be self-enforcing.
updated: 15 August 2005
HOW TO CITE THIS ENTRY
- To learn more:
- Try the normal-form game solver to automatically calculate equilibria on the applets page.
- Take an online quiz on finding equilibria in normal-form games.