The Bank Of England On the Prisoners Dilemma of Asset Management

From the BofE's Bank Underground blog:

When asset managers go MAD
Thomas Belsham.

What do the Cold War powers of the United States and the USSR have in common with modern day asset managers?  The capacity for mutually assured destruction. 
During the 1950s game theorists described a model of strategic
interaction to demonstrate how it might be that two nations would choose
to annihilate