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Waves of military technological changes have swept through the Eurasian land mass since the dawn of civilization. Military technological changes decisively shaped geopolitics and the fortunes of states, empires and civilizations. In his book Jimmy Teng claims that to understand the impacts of...
Persistent link: https://www.econbiz.de/10012654156
This paper introduces a new game theoretic equilibrium, Bayesian equilibrium by iterative conjectures (BEIC). It requires agents to make predictions, starting from first order uninformative predictive distribution functions (or conjectures) and keep updating with statistical decision theoretic...
Persistent link: https://www.econbiz.de/10011107880
This paper uses a formal model to analyze the effects of military competition between states on the size and composition of the economy and the government. Great economies of scale in warfare and even distributions of military capability among the contestants generate intense interstate rivalry,...
Persistent link: https://www.econbiz.de/10011112706
This paper proposes a way to solve two (and multiple) sided incomplete information games which generally generates a unique equilibrium. The approach uses iterative conjectures updated by game theoretic and Bayesian statistical decision theoretic reasoning. Players in the games form conjectures...
Persistent link: https://www.econbiz.de/10011113375
This paper uses a formal model to analyze the effects of political military competition among states on the size and composition of state. Great economies of scale in warfare, even distribution of military capability among contestants and greater value of contested resources generate higher...
Persistent link: https://www.econbiz.de/10010951881
Bayesian rational prior equilibrium requires agent to make rational statistical predictions and decisions, starting with first order non informative prior and keeps updating with statistical decision theoretic and game theoretic reasoning until a convergence of conjectures is achieved. The main...
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