Understanding The Washington Game

Understanding The Washington Game

On the game theory of the American government shutdown; why we have brinksmanship rather than equilibrium. “It’s an interaction among agents who base their decisions on limited information about actions of other agents in the recent past.” To quote Thomas Schelling: “If I say ‘Row, or I’ll tip the boat over and drown us both’, you’ll say you don’t believe me. But if I rock the boat so that it may tip over, you’ll be more impressed”