Coping with Conflict:A Dynamic Decision Making Perspective
This research investigates how students of political science playing the role of a state leader cope with structural and dynamic complexities of international conflict. This was studied with the aid of an interactive microworld simulator of a fishing dispute, which was designed according to principles of system dynamics. The research question was what type of decision-making patterns characterized subjects who adapted successfully to the challenges posed by the opponent in comparison to subjects who pursued policies that produced suboptimal payoffs. The results of this research suggest two reasons for poor adaptation. First, rather than exploring the consequences of all possible policy options, most subjects had very strong pre-existing policy preferences and were reluctant to abandon them in favor of alternative policies. Second, many subjects did not adequately analyze the statistical data that were required in order to estimate the payoffs. A third possibility that was explored but not sufficiently supported is that decisions were based on satisficing rather than comparing utilities associated with alternative policies.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kahneman, Daniel & Tversky, Amos, 1979.
"Prospect Theory: An Analysis of Decision under Risk,"
Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- George J. Mailath, "undated".
""Do People Play Nash Equilibrium? Lessons From Evolutionary Game Theory'',"
CARESS Working Papres
98-01, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- George J. Mailath, 1998. "Do People Play Nash Equilibrium? Lessons from Evolutionary Game Theory," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1347-1374, September.
- Binmore, K & Shaked, A & Sutton, J, 1985. "Testing Noncooperative Bargaining Theory: A Preliminary Study," American Economic Review, American Economic Association, vol. 75(5), pages 1178-1180, December.
- Erev, Ido & Roth, Alvin E, 1998. "Predicting How People Play Games: Reinforcement Learning in Experimental Games with Unique, Mixed Strategy Equilibria," American Economic Review, American Economic Association, vol. 88(4), pages 848-881, September.
- Elster, Jon, 1989. "Social Norms and Economic Theory," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 99-117, Fall.
- John D. Sterman, 1989. "Modeling Managerial Behavior: Misperceptions of Feedback in a Dynamic Decision Making Experiment," Management Science, INFORMS, vol. 35(3), pages 321-339, March.
- Wendt, Alexander, 1992. "Anarchy is what states make of it: the social construction of power politics," International Organization, Cambridge University Press, vol. 46(02), pages 391-425, March.
- Daniel M. Jones & Stuart A. Bremer & J. David Singer, 1996. "Militarized Interstate Disputes, 1816â€“1992: Rationale, Coding Rules, and Empirical Patterns," Conflict Management and Peace Science, Peace Science Society (International), vol. 15(2), pages 163-213, September.
- Nancy Kanwisher, 1989. "Cognitive Heuristics and American Security Policy," Journal of Conflict Resolution, Peace Science Society (International), vol. 33(4), pages 652-675, December.
- George J. Mailath, 1998. "Corrigenda [Do People Play Nash Equilibrium? Lessons from Evolutionary Game Theory]," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 1941-1941, December.
- Sterman, John D., 1989. "Misperceptions of feedback in dynamic decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 43(3), pages 301-335, June.
When requesting a correction, please mention this item's handle: RePEc:ris:nepswp:2011_003. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vincenzo Bove)
If references are entirely missing, you can add them using this form.