The Game Theory of the Fiscal Cliff, or Why John Boehner May “Act the Diva
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John Patty:
In a nutshell, the uncertainty about Boehners bargaining position relative to his own caucus can generate sufficient incentives for him to act the diva, and seem to hold court in a fashion befitting LeBrons act leading up to The Decision.
The simple explanation of the strategic incentives underlying this is that Boehner can utilize Obamas uncertainty about Boehners bargaining ability to make it appear like, even if Boehner does care at least as much as Obama about resolving the fiscal cliff in an expeditious fashion, that Boehner cant deliver a deal equal to Obamas reservation price (or, in other words, that Boehner cant get his caucus to agree to Obamas demands).
The implicit value to Boehner is that Obama, on the margin, will give in a little to secure what he perceives as the marginal certainty of securing a deal from Boehners copartisans. In other words, at the end of the day, as 2011 purportedly demonstrated, Boehner may ironically (but completely classically from a game theoretic vantage point) benefit from being able to portray himself (accurately or not) as not being able to corral his own troops. Sir, I told them gruel was sufficient to survive the night, but they simply insisted theyd die without gruyère.
More at the link.
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http://themonkeycage.org/blog/2012/11/26/the-game-theory-of-the-fiscal-cliff-or-why-john-boehner-may-act-the-diva/
I doubt if The Orange One knows Game Theory, but it fits into his actions. The only game he knows is Clueless.