Did game theory win the day for team Clegg?

Back when people happily ignored articles about the Lib Dems, I ran a piece on Vince Cable leading preparation work to trigger an “”auction for power” in a hung parliament. The plan was to apply his understanding of game theory and scenario planning to politics.

The piece wasn’t warmly received by Lib Dem HQ, particularly this bit about Cable’s trusty whiteboard:

Mr Cable led scenario planning at Shell in the 1990s and also oversaw the development of an “auction strategy”, based on game theory, to protect Shell from overbidding.

Planning for a hung parliament would involve role-playing to draw “mind maps” on a whiteboard, plotting the interaction of party interests and negotiating strategies. Mr Cable has a well-used whiteboard in his Westminster office.

No idea whether this plan is being put to use. But I’m delighted to say that Tony Curzon Price has now mapped out what the “decision tree” on Vince’s whiteboard may have looked like.

You can also relive the whiteboard story on Sam Coates’ blog — you may be able to tell we attended the Harrogate Lib Dem Spring conference together.

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Jim Pickard joined the lobby team in January 2008. He has been at the Financial Times since 1999 as a regional correspondent, assistant UK news editor and property correspondent.

Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.

Contributors

Elizabeth Rigby, the FT's chief political correspondent, joined the lobby team in September 2010. Elizabeth has worked at the FT for more than a decade and was most recently its consumer industries editor.

Helen Warrell is the FT's UK reporter, covering home affairs, crime and policing. She joined the FT in 2008 and has spent time as a reporter in the Brussels bureau and more recently, editing the paper's Asia coverage on the world news desk.

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