The event that occurs when agents in a game form an agreement about which strategies to implement?
Question: The event that occurs when agents in a game form an agreement about which strategies to implement?
In game theory, a branch of mathematics that studies strategic interactions, the event that occurs when agents in a game form an agreement about which strategies to implement is called a cooperative solution. A cooperative solution is a set of strategies, one for each agent, that satisfies some criteria of optimality or fairness. For example, a cooperative solution could be a Pareto optimal outcome, meaning that no agent can improve their payoff without making another agent worse off, or a Nash equilibrium, meaning that no agent has an incentive to deviate from their agreed strategy. Cooperative solutions are often contrasted with non-cooperative solutions, which are the outcomes that result from agents acting independently and selfishly, without any coordination or communication.
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