Voorneveld, Mark - Economics Institute for Research (SIR), … - 2007
recommended course of action in terms of dominant strategies or payo -dominance may be
diametrically opposed, even if everybody … would rather switch to its complement.
Once there, they’d rather switch back.
Keywords: coordination games, dominant … strategies, payo -dominance, nonexistence of equi-
librium, tail events.
JEL classification: C72
SSE/EFI Working Paper Series in …