‘Game Of Chicken’: Why Do Markets Think They’re So Damn ‘Impervious’?

BofAML wants to talk about "games of chicken" on Monday. A "game of chicken" is like a "Game of Thrones" - only with chickens: (If you're not a Gary Larson fan, you won't get the joke - sorry) No, but seriously, BofAML of course means game theory and what the bank set out to do on Monday is analyze political brinksmanship over tax reform and North Korea using a game-theoretic framework. To be sure, there are pitfalls to this approach, but this is more thought experiment than anything els

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Or try one month for FREE with a trial plan

Already have an account? log in

One thought on “‘Game Of Chicken’: Why Do Markets Think They’re So Damn ‘Impervious’?”

So basically the government is funded through Sept 30th but given that Congress has no reason to pass a budget, little will to do so and frankly no real ideas on what to accomplish… it’s going to just kick the can to Trump. Trump then has no reason to not shutdown the government and blame Congress. So come Oct 1 we will have a Congress responsible to develop a budget but one that will in all likelihood lack any real potential to do so. How long does the government go dark… I would almost not be surprised for them to be shutdown until after the 2018 midterms.