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Sunday, July 05, 2015

Greece- is it all in the game theory?

My new piece for RT.com OpEdge.

Game theory has been described (in Viotti and Kauppi’s “International Relations Theory”) as “a decision-making approach based on the assumption of actor rationality in a situation of competition.”
Greek Finance Minister Yanis Varoufakis is an expert on game theory - he has studied it, taught it at universities, and written extensively about it. (He's probably also got a T-shirt with “game theory” emblazoned on it.)
Therefore it’s been no surprise to see a plethora of articles in recent weeks and months questioning the part that game theory has played in Greece’s dealings with the Troika.

You can read the whole piece here.

2 comments:

del stead said...

Another interesting piece!!! And it seems your passion for a educated gamble paid off what with the recent referendum in Greece as it's gone how your last paragraph predicted! We haven't heard the last of this and Germany knows all to well that Greece isn't paying up and you can only see Greece buying a new brush and sweeping out any of these agreements and the younger rebuilding the countries finances....a bit like I'm having too after a not so fruitful chester races last weekend!!

del stead said...

Just finished my post and looked at news....beware of Greeks bearing bricks seems an apt adage!! That's what they think of the deal then!