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Brinkmanship is the ostensible escalation of threats to achieve one's aims. The word was probably coined, on the model of Stephen Potter's "gamesmanship", [citation needed] by the American politician Adlai Stevenson in his criticism of the philosophy described as "going to the brink" during an interview with US Secretary of State John Foster Dulles during the Eisenhower administration. [2]
The game of chicken, also known as the hawk-dove game or snowdrift game, [1] is a model of conflict for two players in game theory.The principle of the game is that while the ideal outcome is for one player to yield (to avoid the worst outcome if neither yields), individuals try to avoid it out of pride, not wanting to look like "chickens".
One difference from the earlier game is how negotiations are resolved. In both games, backing down in a negotiation results in a loss of prestige, which will reverberate politically. Likewise, in both games brinkmanship may result in a global war. In Geopolitique, such wars were actually fought in-game, after which the game continued.
Thomas Crombie Schelling (April 14, 1921 – December 13, 2016) was an American economist and professor of foreign policy, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He was also co-faculty at the New England Complex Systems Institute.
With Republicans poised to re-take control of one or both houses of Congress in the midterm elections, Democrats are scrambling to to find a way to avert a debt-ceiling fight that threatens to ...
The strategy is also provocable because it provides immediate retaliation for those who compete. Finally, it is forgiving as it immediately produces cooperation should the competitor make a cooperative move. The implications of the tit-for-tat strategy have been of relevance to conflict research, resolution and many aspects of applied social ...
Parametric recently launched an offering that allows customers to pick equities off strategies from the financial-advisory and asset-management firm Lazard. To stay ahead of the curve, Preqin is ...
Image source: Getty Images. Domino's Pizza. A third phenomenal business that Warren Buffett is betting big on in the new year is one of consumers' most-beloved brands, Domino's Pizza (NYSE: DPZ ...