Psychology of the Fiscal Cliff
Professor Ian Robertson
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Posted 27.02.2013
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UK Politics
Read More:
Prisoner's Dilemma,
Economics,
Conflict,
Schadenfreude,
Game Theory,
Neuroscience,
Barack Obama,
Fiscal Cliff,
US Politics,
UK Politics News
The fiscal cliff is a sort of prisoner's dilemma. Each player appears fixated on trying to rat to the electorate about the guilt of the other for the impending disaster. In the chaos following a fall down the cliff, the president and the Republicans each hope that they will escape with a light electoral sentence while the other is sent down for life.
