Game theory says don't bet against a no-deal Brexit

The British Parliament's votes on Tuesday night may not have made it easy for anyone involved in the Brexit process, but they mark a moment of clarity from a game theory point of view.

It is apparent that Britain, represented by Parliament, wants to play a one-off prisoner's dilemma game with the European Union. The EU, for its part, is playing an infinitely repeated prisoner's dilemma.

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A version of this article appeared in the print edition of The Straits Times on February 01, 2019, with the headline 'Game theory says don't bet against a no-deal Brexit'. Print Edition | Subscribe