They're Baaaack!

The two sides in the hockey negotiations are at it again. To game theorists, a "credible threat" is some action that can be rationally taken by a player that will impose costs on his/her opponent. What an interesting example of a credible threat (cancelling the season) which, once played, can be credibly retracted if a settlement be reached. What do the game theorists have to say about that one? I didn't realize the NHL could be so cool! ;-)