[ad_1] Game theorist Thomas Schelling once wrote that coercion depends more on âthe threat of what is yet to come than on damage already done.” He added that countries in conflict situations would want âan impressive unspent capacity for damage be kept in reserve.” Schelling wrote his classic works on strategy in the context of…
[ad_1] Also Read: Mint Quick Edit | Trumpâs at it again, sending mixed signals This a rudimentary game of âchicken,â which is often referred to in âgame theoryâ made famous by John von Neumann and Oskar Morgenstern. Now, let us put names to the players. A is Donald Trump, who has made his intentions clear….
[ad_1] In 1824 Prince Wilhelm of Prussia asked for a demonstration of an elaborate game he had heard about from his military tutor. The Kriegsspiel, or war game, had been devised a few decades earlier as a more militarily realistic form of chess. Instead of regular squares, the board was a detailed map of a…
