Imagine a relationship where two informed parties persuasively communicate their needs. They planned and considered the choreography of the deal and anticipated both the internal and external drivers required for success. Both sides forecasted acceptable probabilities to ensure mutual performance. The deal closed in a short period of time, the contract was fully performed, repeat […]
Game Theory
Players, probabilities, outcomes and payoffs.
“I know who I am and I know they know who I am”; Greek Game Theory
When it comes to world finance, the “no deal” option may be better. But in the case of the Greek / EU dynamic, it leaves all players: Greece, creditors and the European Union at large, worse off than restructuring. But second best can be the best from a game theory perspective. Indeed, this may be […]