Correlated Equilibria in Game Theory

Erica Klarreich is one of the few science journalists who explains interesting things I don’t already know clearly enough so I can understand them. I recommend her latest article:

• Erica Klarreich, In game theory, no clear path to equilibrium, Quanta, 18 July 2017.

Economists like the concept of ‘Nash equilibrium’, but it’s problematic in some ways. This matters for society at large.

In a Nash equilibrium for a multi-player game, no player can improve their payoff by unilaterally changing th...