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Strategic Moves and Brinkmanship

Strategic Moves and Brinkmanship. Preface. Players are rational and know how the game will be played and the subsequent payoff. What can player do to alter the predicted outcome?. Strategic moves. Devices to manipulate the way the game is played.

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Strategic Moves and Brinkmanship

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  1. Strategic Moves and Brinkmanship

  2. Preface • Players are rational and know how the game will be played and the subsequent payoff. What can player do to alter the predicted outcome?

  3. Strategic moves • Devices to manipulate the way the game is played. • To add an 1st stage (like direct communication) but alter the way the game is played • 3 types of 1st stage action • Commitments • Threats • Promises

  4. Interaction between parents and kids • Watch TV, etc

  5. Commitment-unconditional strategic move

  6. Commitment • By restricting Freedom of Act Uncommitted James Committed

  7. By Changing payoff Uncommitted James Committed

  8. Threats-conditional strategic move

  9. No threat U.S. Closed Threat (1, 2) Japan (4, 3) Open

  10. Promise-conditional strategic move • How will the game tree look like? • Difference in threat and promise.

  11. Brinkmanship • Cuban Missile Crisis • Brinkmanship-a vague threat, not controlled by the player.

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