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Randall Stone's critique of theory of moves (TOM) is motivated by a desire to purge game theory of TOM's alleged “backsliding†and restore its superior orthodoxy. But Stone's indictment is marred by serious misunderstandings of TOM and unfortunate misconceptions about what constitutes...
Persistent link: https://www.econbiz.de/10010801855
Game-theoretic models of deterrence and escalation, based on Chicken and Prisoners' Dilemma, are developed in which two players can initially choose any level of preemption in a crisis (Deterrence Game) or escalation in an arms race (Deescalation Game). The greater this level, the more likely an...
Persistent link: https://www.econbiz.de/10010812788
Arms-control inspection is modeled by two games, one played simultaneously and one sequentially, between an inspector (O) and an inspectee (E). In each game, E may choose to comply with or violate an arms-control agreement and O may choose to inspect, or not, for a possible violation by E....
Persistent link: https://www.econbiz.de/10010812812
Three-party negotiations are analyzed in which the players are able not only to rank alternatives but also have a preference for impasse. In a dynamic model, players progressively invoke fallback positions to try to prevent inferior outcomes from being implemented in a game of incomplete...
Persistent link: https://www.econbiz.de/10010812937
The relationship between Newcomb's problem, which involves an apparent paradox of prediction, and Prisoners' Dilemma is explicated. After describing a resolution to Newcomb's problem, due to John A. Ferejohn, that renders the two contradictory principles of choice in Newcomb's problem (dominance...
Persistent link: https://www.econbiz.de/10011136232