In a classic scene in „Rebel without a Cause“ Jim , played by James Dean is racing with Buzz towards a cliff, whoever jumps out first is the chicken, the looser. Jim jumps out on time, while Buzz gets caught in the car door and drops down the cliff with his car.
This scene is not only popular with movie buffs, but also with scholars. Scholars of game theory, like Yanis Varoufakis, the new Greek minister of finance. This „chicken game“ is about driver’s drive towards each other on a collision course (an alternative version of heading for the cliff). One of the two must swerve, or both might die. However, who gets out of the way first is a ‘chicken’. Varoufakis in his writings about game theory uses the alternative term of ‘hawk and dove’.
Key to winning this game is to signal to the other…
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