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Posts tagged game theory

Brink of disaster

January 15, 2013

Phew, that was close. As President Obama winked goodbye to the press corps and returned to his holiday in Hawaii, there was relief as imminent financial disaster – the ‘fiscal cliff’ – was avoided. There was instant celebration in financial markets too. Share prices rose steeply – not that traders ever need too much encouragement to get over-excited. (more…)