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#305: When Congress Plays Chicken

#305: When Congress Plays Chicken

Planet Money vor 14 Jahren

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In a classic game of chicken, two cars race toward each other. The loser is the person who swerves out of the way of the oncoming car.As it turns out, chicken is something that game theorists have devoted a lot of thought toChicken is also a pretty good metaphor for the way Congress handled the debt-ceiling debate.On today's show, we talk to Steven S. Smith, a political scientist at Wash U. who studies Congress for a living. He takes us deep inside the debt-ceiling-as-game-of-chicken metaphor. And he explains why the supercommittee may actually work out a deal.