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Game Theory: IMF to Alexis Tsipras: ‘Do you feel lucky, punk?’
June 12, 2015
By pulling its negotiators out of talks in Brussels, the IMF is asking Greece to decide whether it can afford to carry on haggling “You’ve got to ask yourself one question. Do I feel lucky? Well, do ya, punk?” The lines spoken by Clint Eastwood in Dirty Harry sprang to mind when the International Monetary Fund (IMF) announced that it had called its Greek negotiating team home from talks in Brussels. Up until now, the view in Athens has been that the troika – made up of the IMF, the European...
June 12, 2015
By pulling its negotiators out of talks in Brussels, the IMF is asking Greece to decide whether it can afford to carry on haggling “You’ve got to ask yourself one question. Do I feel lucky? Well, do ya, punk?” The lines spoken by Clint Eastwood in Dirty Harry sprang to mind when the International Monetary Fund (IMF) announced that it had called its Greek negotiating team home from talks in Brussels. Up until now, the view in Athens has been that the troika – made up of the IMF, the European...
Tying John Nash’s Game Theory to Greece
June 10, 2015
Stanford University Economics Professor Alvin Roth discusses the life and career of Nobel Laureate John Nash and his legacy in today's economics. Canaccord Genuity U.S. Portfolio Strategist Tony Dwyer also speaks on “Bloomberg Surveillance.”
June 10, 2015
Stanford University Economics Professor Alvin Roth discusses the life and career of Nobel Laureate John Nash and his legacy in today's economics. Canaccord Genuity U.S. Portfolio Strategist Tony Dwyer also speaks on “Bloomberg Surveillance.”
Greece And The Troika’s ‘Grexit’ Game Theory
June 10, 2015
Following the recent tragic death of the famous mathematician John F. Nash Jr., known for his 2001 biopic, “A Beautiful Mind”, it’s incredibly interesting how much his game theory concepts can describe and make predictions about Greece’s decision to reach a new agreement on bailout terms by Friday’s deadline and whether the rest of Europe would eject Greece from their currency union. The Nash equilibrium, named after Nash who proved its ubiquitous existence in his 28-page Nobel-prize...
June 10, 2015
Following the recent tragic death of the famous mathematician John F. Nash Jr., known for his 2001 biopic, “A Beautiful Mind”, it’s incredibly interesting how much his game theory concepts can describe and make predictions about Greece’s decision to reach a new agreement on bailout terms by Friday’s deadline and whether the rest of Europe would eject Greece from their currency union. The Nash equilibrium, named after Nash who proved its ubiquitous existence in his 28-page Nobel-prize...
In Greek Debt Puzzle, the Game Theorists Have It
June 10, 2015
That Yanis Varoufakis, the rakish Greek finance minister, would meet with senior European officials wearing a leather motorcycle jacket and open-collar shirt would probably have fascinated John F. Nash Jr., the Nobel prize -winning mathematician, game theorist and Princeton professor who was thrown from a taxi and killed last month. Is Mr. Varoufakis really a radical, or simply acting like one to increase Greece’s negotiating leverage — what game theorists mean when they say it can be rational...
June 10, 2015
That Yanis Varoufakis, the rakish Greek finance minister, would meet with senior European officials wearing a leather motorcycle jacket and open-collar shirt would probably have fascinated John F. Nash Jr., the Nobel prize -winning mathematician, game theorist and Princeton professor who was thrown from a taxi and killed last month. Is Mr. Varoufakis really a radical, or simply acting like one to increase Greece’s negotiating leverage — what game theorists mean when they say it can be rational...
Game Theory and Greece
June 10, 2015
Yanis Varoufakis, Greece’s finance chief, brings a background in game theory to the complex dynamics of the bailout, says James B. Stewart.
June 10, 2015
Yanis Varoufakis, Greece’s finance chief, brings a background in game theory to the complex dynamics of the bailout, says James B. Stewart.
What Game Is Greece Playing?
June 10, 2015
The repeated willingness of Greece and its creditors to bring the entire euro area to the brink of disaster presents a difficult and fascinating question for economic theorists: What game are they really playing? On the surface, it seems like a classic game of chicken, in which each side tries to look determined enough to make the other crumble. The creditors, including the European Union, the International Monetary Fund and the European Central Bank, insist that they can't provide any more debt...
June 10, 2015
The repeated willingness of Greece and its creditors to bring the entire euro area to the brink of disaster presents a difficult and fascinating question for economic theorists: What game are they really playing? On the surface, it seems like a classic game of chicken, in which each side tries to look determined enough to make the other crumble. The creditors, including the European Union, the International Monetary Fund and the European Central Bank, insist that they can't provide any more debt...
The Simplest Way to Negotiate
June 9, 2015
Robert Axelrod in his book, The Evolution of Cooperation (Basic Books, Inc., New York, 1984) (Axelrod(81)_the_evolution_of_cooperation...
June 9, 2015
Robert Axelrod in his book, The Evolution of Cooperation (Basic Books, Inc., New York, 1984) (Axelrod(81)_the_evolution_of_cooperation...
Building Rapport for Better Negotiation Outcomes
June 6, 2015
Emotional Intelligence (EI) has become an increasingly important topic in the workplace, as it is critical in interpersonal relationships and social interactions. By definition, EI is a person’s ability to identify, understand, and manage their own emotions, but it also encompasses the ability to understand others’ emotions and empathize with them. It should come as no surprise that EI has the potential to be a beneficial skill in negotiation and mediation. Past research has suggested that...
June 6, 2015
Emotional Intelligence (EI) has become an increasingly important topic in the workplace, as it is critical in interpersonal relationships and social interactions. By definition, EI is a person’s ability to identify, understand, and manage their own emotions, but it also encompasses the ability to understand others’ emotions and empathize with them. It should come as no surprise that EI has the potential to be a beneficial skill in negotiation and mediation. Past research has suggested that...
World Bank Hiring Behavioral Economist and Behavioral Scientist
June 5, 2015
As part of a broader World Bank Group effort to incorporate recent advances in the social and behavioral sciences into its projects and programs, and following upon the well-received World Development Report 2015: Mind, Society, and Behavior, the World Bank is recruiting an exceptional behavioral economist to work in its new Behavioral Innovations Lab (BIL) as well as an exceptional behavioral scientist.
June 5, 2015
As part of a broader World Bank Group effort to incorporate recent advances in the social and behavioral sciences into its projects and programs, and following upon the well-received World Development Report 2015: Mind, Society, and Behavior, the World Bank is recruiting an exceptional behavioral economist to work in its new Behavioral Innovations Lab (BIL) as well as an exceptional behavioral scientist.
Sunstein on Popular Support for Nudges
June 2, 2015
Cass R. Sunstein (Harvard Law School) has posted Do People Like Nudges? on SSRN. Here is the abstract: In recent years, there has been a great deal of debate about the ethical questions associated with “nudges,” understood as approaches that steer people in certain directions while fully maintaining freedom of choice. Evidence about people’s views cannot resolve the ethical questions, but in democratic societies, those views will inevitably affect what governments are willing to do. Existing...
June 2, 2015
Cass R. Sunstein (Harvard Law School) has posted Do People Like Nudges? on SSRN. Here is the abstract: In recent years, there has been a great deal of debate about the ethical questions associated with “nudges,” understood as approaches that steer people in certain directions while fully maintaining freedom of choice. Evidence about people’s views cannot resolve the ethical questions, but in democratic societies, those views will inevitably affect what governments are willing to do. Existing...
