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Published: Jun 19 , 2015
Author: Stephen White

How many deadlines have been and gone in the continuing saga of the economic chaos in Greece? I would suggest there have been so many that we no longer believe that any of them really mattered – or ever will matter in the future.The crescendo of press speculation in recent days indicates yet again that the media believes we might be getting close to a crisis point...

Published: Feb 27 , 2015
Author: Yannis Dimarakis

Depending on his or her political persuasion, an observer may feel in a number of ways regarding the outcome of the negotiations between the recently elected Greek government and its European partners. So was the agreement a huge success, or was it a full capitulation of the Greek government? I believe that most of us would agree that it was neither...

Published: Feb 20 , 2015
Author: Yannis Dimarakis

As these lines are written, the negotiations between the Greek government and its Eurogroup partners are still under way. As the end result is not yet known (and probably will not be for some days) some mistakes of the Greek handling of the situation are already discernible. Here are three obvious mistakes I have selected to discuss in this article...

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The Ultimate Game Theory Strategy

‘The Prisoners’ Dilemma’ is a popular game theory example involving a two-person game of strategic interaction. One version is as follows. Two prisoners are accused of a crime. If one confesses and the other does not, the one who confesses will be released immediately and the other will spend 20 years in prison. If neither confesses, each will be held for only a few months. If both confess, they each spend 15 years in prison. This creates a paradox in decision analysis in which two individuals acting in their own self-interest do not produce the optimal outcome...

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