POL208Y1 Lecture Notes - Lecture 8: Crisis Management, Strategic Dominance, Bounded Rationality
Document Summary
Things also changed in the cold war, where mad had to lead to good crisis management. Hermann - you need 3 components : surprise, a perception of threat, a short decision time. It was something that is catches us off guard, is seen as a danger to us. Ex: 9/11, syrian crisis, cuban missile crisis. This is also known as the decision cube: situational. The structure of the crisis, and the structure of the system: behavioural. The specific qualities of decisions & decision makers. 2 by 2 the outcomes are: crash if both go straight, tie, if both swerve, if one or the other swerves they are declared chicken: ussr and the united states : swerved away from the crisis. The best way to play this game theory is to do the opposite of what your opponent does. Ex: if they swerve, you go straight. However, you don"t know which actor will change. Chicken summary: there is no dominant strategy.
