Varoufakis knows that it can sometimes be rational to appear irrational, including proclaiming a Kantian categorical imperative to do what is right regardless of the consequences for Greece and the rest of Europe – but that only works if everyone takes it at face value.

Sphinx

The Melian Dialogue in Thucydides has been of interest to game theorists since the earliest development of the field; it was discussed on several occasions by John von Neumann, generally accepted founder of this approach, and it appears in the work of a leading game theorist like Thomas Schelling. It’s entirely understandable: the dialogue presents two sides in a high-stakes, zero-sum conflict, pursuing very different strategies with a limited number of possible outcomes, and – if you want to push the boundaries of game theory a bit further, it also offers interesting examples of how each side seeks to anticipate and influence the decision-making of the other, and raises some fundamental questions of rationality. I fully expect to find lots of other examples when I have time to pursue this theme in depth, but for today I want to focus on one case of a game theoretical discussion of the…

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