Carlson, Lisa J.; Dacey, Raymond - In: Conflict Management and Peace Science 23 (2006) 2, pp. 181-198
The model developed in this paper provides a formal prospect theory account of Challenger's behavior in the traditional … international relations literature regarding the importation of prospect theory into the analysis of crisis games. These claims … expected utility theory, and a Kahneman–Tverksy decision rule as specified by prospect theory. The formal results show that …