Quick Hit: Congress Playing Chicken
One of my favorite podcasts is NPR’s Planet Money. They are generally very smart and pretty entertaining. Though it’s a little old now, they posted an episode last week (link here) applying some simple lessons from game theory to Congress and the creation of the Super Committee, drawing on interviews from WashU’s Steven S. Smith and MIT’s Charles Stewart III. It’s a pretty engaging 17 minutes, and I strongly recommend both the podcast in general, and the episode in particular.