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Keyword: strategyofconflict

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  • WSJ: The Great Game - Nobel Prize winner Schelling used game theory to understand human behavior

    10/11/2005 6:22:29 AM PDT · by OESY · 11 replies · 587+ views
    Wall Street Journal ^ | October 11, 2005 | DAVID R. HENDERSON
    ...Mr. Schelling's early work was on the most important issue of the Cold War: preventing it from becoming a Hot War. In his classic 1960 book "The Strategy of Conflict," Mr. Schelling, who had spent a year at the RAND Corporation, laid out some important applications of game theory to the issue of nuclear war. In one passage, he discussed the U.S.-Soviet conflict in terms anyone could relate to: a hypothetical duel. He wrote that "if both [duelists] were assured of living long enough to shoot back with unimpaired aim, there would be no advantage in jumping the gun and...