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Persistent link: https://www.econbiz.de/10002826296
Despite many applications of prospect theory's concepts to explain political and strategic phenomena, formal analyses … of strategic problems using prospect theory are rare. Using Fearon's model of bargaining, Tversky and Kahneman's value … expected value and prospect theory when applied to strategic interaction. Critically important to this demonstration is an …
Persistent link: https://www.econbiz.de/10010802270
Donors often condition foreign aid to recipients on policy adjustments. How do domestic interest groups influence a donor’s ability to credibly commit to implementing threats and promises? In our model, domestic interest groups in the donor country can mobilize to support the...
Persistent link: https://www.econbiz.de/10011161093
The author develops a new game-theoretic approach, anchored not in Boolean two-valued logic but instead in linguistic fuzzy logic. The latter is characterized by two key features. First, the truth values of logical propositions span a set of linguistic terms such as true, very true, almost...
Persistent link: https://www.econbiz.de/10011136292