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Saturday, March 15, 2014

Crimea Through a Game-Theory Lens

Tyler Cowen:

Crimea Through a Game-Theory Lens: A Russian occupation of Crimea raises the specter of the Cold War, in which the nuclear stalemate between the United States and the Soviet Union devolved into regional disputes around the world.
While military and political frictions made the biggest headlines, the Cold War couldn’t be well understood without using economic theory — specifically, game theory, which analyzes the strategic logic of threats, credibility and conflict.
It’s worth viewing the crisis in Ukraine through the prism of game theory, too, as applied on several fronts: ...

    Posted by on Saturday, March 15, 2014 at 05:32 PM in Economics | Permalink  Comments (15)


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