Showing 11 - 20 of 503
Persistent link: https://www.econbiz.de/10003823939
Persistent link: https://www.econbiz.de/10003886940
Stag hunt and chicken games are canonical representations of two kinds of strategic interactions. In stag hunt, aggression feeds on itself, and mutual fear escalates into conflict. Chicken is a model of preemption and deterrence. With complete information, these games have multiple Nash...
Persistent link: https://www.econbiz.de/10003894766
Two decision-makers choose hawkish or dovish actions in a conflict game with incomplete information. The decision-making can be manipulated by "extremists" who send publicly observed cheap-talk messages. The power of extremists depends on the nature of the underlying conflict game. If actions...
Persistent link: https://www.econbiz.de/10003894773
We build a game-theoretic model where aggression can be triggered by domestic political concerns as well as the fear of being attacked. In the model, leaders of full and limited democracies risk losing power if they do not stand up to threats from abroad. In addition, the leader of a fully...
Persistent link: https://www.econbiz.de/10003894777
Persistent link: https://www.econbiz.de/10009238872
We offer a theory of polarization as an optimal response to ambiguity. Suppose individual A's beliefs first-order stochastically dominate individual B's. They observe a common signal. They exhibit polarization if A's posterior dominates her prior and B's prior dominates her posterior. Given...
Persistent link: https://www.econbiz.de/10009702271
Persistent link: https://www.econbiz.de/10009710862
Persistent link: https://www.econbiz.de/10010232622
Persistent link: https://www.econbiz.de/10010246481