Why doesn’t this also require coordination? Also, there also seems to be a mixed equilibrium where both players randomize their strategies 50⁄50.
For the Chicken game, the mixed strategy equilibrium is not 50⁄50 but more specifically 90⁄10. And a mutual defection can also not constitute crash, but instead allow for further and stable repeated play, particularly if a mixed strategy equilibrium is coordinated and acted upon.
Why doesn’t this also require coordination? Also, there also seems to be a mixed equilibrium where both players randomize their strategies 50⁄50.
For the Chicken game, the mixed strategy equilibrium is not 50⁄50 but more specifically 90⁄10. And a mutual defection can also not constitute crash, but instead allow for further and stable repeated play, particularly if a mixed strategy equilibrium is coordinated and acted upon.
Moreover, when one identifies two pure strategy equilibria in a 2x2 game a third, mixed strategy, equilibrium almost always exists.