POL208Y1 Lecture : Decision-makers, Decision-making
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Document Summary
International relations: week 6 - october 19, 2010. About choosing what you perceive as the best option given the ability to fulfill your objective. Some assumptions: all information is available, farfetched assumption, you are rational, you are able to define a hierarchy among your options, able to calculate the costs and benefits attached to the options. Has given rise to game theory, formal ways of analysing decision-making. International politics is a game of chess, one move leads to another: formal way of looking at international politics, useful when looking at deterrence. Limited model as all the information is most of the time not available, amount of uncertainty is much larger than certainties. Goal must be precisely defined, not always clear. 7 first one that seems to be good enough: do not review all the options, pick first one that seems good enough. Utility: rational choice model makes assumption of an individual to attach an expected utility to an outcome.
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