Koordinationsproblem
Koordinationsproblem, or coordination problem, is a situation in which two or more agents can achieve better outcomes by aligning their actions, but lack of communication or uncertainty about others’ choices makes it difficult to select a single, mutually beneficial plan. The central challenge is the presence of multiple plausible equilibria, which can lead to coordination failure if participants do not converge on one.
In game-theoretic terms, coordination problems are often modeled as coordination games. A key distinction is between
Solutions to coordinations problems rely on signals, conventions, or institutions that help select a particular equilibrium.
Real-world relevance is broad: standard-setting for technologies, traffic and safety protocols, financial regulation, and international policy