2 ms·
Since you bring up game theory, the optimal strategy is to defect (withdraw your money) SECRETLY so that the bank has the highest chance of survival and your ve
by boc 4y ago
Since you bring up game theory, the optimal strategy is to defect (withdraw your money) SECRETLY so that the bank has the highest chance of survival and your venture debt loans, relationships, etc all survive. Instead, some VCs PUBLICLY/LOUDLY withdrew their money and created a panic, which doomed the bank to a massive bank run.