Thomas Schelling was a visionary economist whose work deeply explored the dynamics of conflict and cooperation. Employing game-theory analysis, he illuminated the intricate strategies that govern human interactions, offering unique insights into how peace and stability can be achieved. His analyses of strategic thinking and decision-making in situations of opposing interests continue to resonate across various disciplines.
In Choice and Consequence, Thomas Schelling ventures where rationality is ambiguous, exploring topics as awesome as nuclear terrorism, as sordid as blackmail, as ineffable as daydreaming, as intimidating as euthanasia. He examines ethical issues wrapped up in economics, and discloses ethical issues that are misplaced or misidentified.
Analyzes the nature of international disagreements and conflict resolution in terms of game theory and non-zero-sum games.
"In this landmark book, Nobel laureate Thomas C. Schelling considers the ways in which military capabilities - real or imagined - are used as bargaining power. This edition contains a new preface by the author where he considers the book's relevance over forty years after its first publication. Included as an afterword is the text of Professor Schelling's Nobel acceptance speech, in which he reflects upon the global taboo that has emerged against nuclear weapons since Hiroshima"--Unedited summary from book cover
Develops models to analyze the collective consequences of individual behaviors and the ways in which one person's reactions and responses to a particular situation can combine with the actions of others to create unanticipated results