Any coordinated expectation is rational regardless of how the players arrived at it

Evidence

Nor can we trip them up if we ask them how they arrived at their expectations. Any grounds that are consistent would do, since any grounds that each expects the other confidently to adopt are grounds that he cannot rationally eschew. Consistent stories are all they need; and if they say that a sign on the blackboard said A-80, B-20, or that they saw in a bulletin that two other players, named Aʹ and Bʹ, split 80-20, and that they confidently perceived that this was clear indication to both of them of what to expect—that this was the only “expectable” outcome—we cannot catch them in error and prove them irrational. They may be irrational; but the evidence will not show it. — Thomas C. Schelling, The Strategy of Conflict, 653

Categorization

  • XREF: connects to: Rational players must factor non-mathematical focal details into strategy — Thomas C. Schelling, The Strategy of Conflict, 257; Explicit bargaining outcomes rest on prior tacit coordination between rational players — Thomas C. Schelling, The Strategy of Conflict, 858; Players may manufacture ex-post reasons to justify coordinating on a salient equilibrium — Thomas C. Schelling, The Strategy of Conflict, 682 (+2 more)

Broader Connections