Game Theory Explains Why No Deal is Inevitable - Brexit Explained.

The video discusses the current Brexit standstill using game theory, particularly the prisoner's dilemma, to explain the decision-making dynamics in the UK Parliament. It highlights the challenges faced by MPs in choosing whether to support or reject deals, considering the potential outcomes and risks, including a no-deal Brexit.

What is the prisoners dilemma and how does it relate to the current Brexit situation?

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Explain the possible outcomes for the two prisoners in the dilemma presented.

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How does the concept of asymmetric information play a role in the prisoners dilemma as described?

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What are the implications of MPs not backing May's deal according to the text?

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What does the text suggest about the potential consequences of a no-deal Brexit?

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Discuss the reasoning behind why both pro-Brexit and remain-leaning MPs might avoid backing May's deal.

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What strategies might MPs consider when voting on extending Article 50, based on the text?

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