Post by GeoTrends

Most shipping professionals have encountered the Prisoner's Dilemma, the Game of Chicken and the Stag Hunt. Few recognise them when they appear on a chartering desk. In this thought-provoking analysis, IAKOVOS (JACK) ARCHONTAKIS, Senior Maritime Strategy Consultant – Chartering Executive & TMC SHIPPING Commercial Director, explores freight markets through the lens of Game Theory. The result is an uncomfortable question: How much of what we call "the market" is actually strategic behaviour?