Saw this game theory take on the situation on Mastodon which I think was quite on target: "Elmo’s 5PM deadline was designed to make employees signal their type

Saw this game theory take on the situation on Mastodon which I think was quite on target: "Elmo’s 5PM deadline was designed to make employees signal their type: High-effort employees can make big bonuses by staying; low-effort employees would be better off taking the severance rather than be fired for not meeting his standards. But the deadline also put employees in an assurance game with each other, and ASSURANCE GAMES HAVE TWO EQUILIBRIA. In one, a critical mass commits. But in the other, everyone realizes that there is no point in committing since no one else is. Game Theory 101." https://mastodon.lawprofs.org/@jtlg/109362434339341121 https://mastodon.lawprofs.org/@jtlg/109362434339341121