Schelling point

English

Etymology

The concept was introduced by American economist Thomas Schelling in his book The Strategy of Conflict (1960).

Pronunciation

  • Rhymes: -ɔɪnt

Noun

Schelling point (plural Schelling points)

  1. (game theory) Synonym of focal point (“solution used in the absence of communication”).
This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.