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Come up with your own example of a strategic social convention which we didn’t cover in...

Come up with your own example of a strategic social convention which we didn’t cover in class. Describe your social convention carefully (5 points), explain what problem it overcomes (5 points), and outline why it is self-enforcing (5 points).

• Think carefully about this! Not all “social conventions” in our lives are strategic!

• A strategic social convention needs to solve a coordination problem of some kind; there needs to be a cost to mis-coordination

• It also should be self-enforcing: you want to follow the convention without any external motivation.

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