Google+ Badge

Friday, May 29, 2015

John Nash's Game Theory and Greece - Bloomberg View

John Nash's Game Theory and Greece - Bloomberg View

Assessing the Greek drama through the lens of game theory explains why the crisis -- and the question of Greece's continued euro-zone membership -- are no closer to being resolved. ApplyingNash's theory shows that the best we can realistically expect is yet another attempt to postpone painful decisions. But even this inadequate outcome is proving increasingly difficult to deliver, and if it materializes, the resulting delay will lead to an even more difficult situation, unless the players decide to stop their uncooperative game very soon.

No comments:

Post a Comment