As the U.S. faces a significant surge of Covid-19 cases and the prospect of more business shutdowns, there is a growing call for Congress to pass a new stimulus
package. Wall Street Journal's Gerald F. Seib in the video below examines the forces for and against that happening in the days ahead.
Do you think that we can represent the situation that Gerald F. Seib illustrates in the video by an extensive game with imperfect information? Propose and defend your
answers.
Could the theory of Nash (sequential) equilibrium be useful in the understanding of what is happening in Congress when it comes to passing the stimulus bill? Elaborate
as clearly as possible.
What would you suggest to Congress if you were invited to discuss that issue?