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 main reason for the current Brexit standstill according to the video?

• International pressure

• Economic instability

• Parliamentary indecision

• Lack of public interest

In the Prisoner's Dilemma, what is the best outcome for both prisoners if they cannot communicate?

• Both confess to the crime

• One snitches, the other remains silent

• Both remain silent

• Both snitch on each other

How does the Prisoner's Dilemma relate to the Brexit situation?

• It shows the benefits of cooperation

• It illustrates the challenges of decision-making under uncertainty

• It emphasizes the importance of public opinion

• It highlights the risks of miscommunication

What is a potential risk for MPs who vote against a no-deal Brexit?

• Increasing economic growth

• Losing public support

• Strengthening the opposition

• Damaging their political career

What is the ideal scenario for MPs who want to avoid a no-deal Brexit but also want to maintain their political standing?

• Publicly oppose Brexit

• Abstain from voting

• Vote for a no-deal Brexit

• Ensure others vote against it

Why might some MPs prefer a no-deal Brexit despite its potential risks?

• To avoid a second referendum

• To align with public opinion

• To expedite the Brexit process

• To gain international support

What is a possible consequence of miscalculation by MPs regarding Brexit decisions?

• Triggering a general election

• Causing a no-deal Brexit

• Improving economic conditions

• Strengthening the EU's position