Equilibrium Selection Quotes

“When playing an outer-circle game as though it were an inner-circle game, the players will sometimes happen to coordinate on an equilibrium of the outer-circle game. The group will then have stumbled upon an equilibrium selection device for the outer circle game. This device consists of the players behaving as though they were constrained by the rules of the inner-circle game, when the rules by which they are actually constrained are those of the outer circle game.”
― Ken Binmore, Natural Justice