Thomas Schelling in Podcasts
personA classic example from Thomas Schelling illustrating the importance of focal points in coordination.
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Mentions in Podcasts
When Thomas Schelling introduces the topic in The Strategy of Conflict, Chapter 3, pages 67-9, he explains why the study of tacit bargaining, exemplified in seemingly artificial scenarios where the parties are prevented from communicating with each other, is relevant to the real world.
and you know it, but in addition, I know that you know it, and you know that I know it, and I know that you know that I know it ad infinitum. Of course, the reason that common knowledge is significant is that it is essential for coordination. In a classic example from Thomas Schelling, a couple is separated in Manhattan, incommunicado, and somehow must find each other.