A Game-Free Microfoundation of Mutual Optimism
One of the most widely accepted explanations for why wars occur despite its Pareto-suboptimality is mutual optimism: if both sides expect to gain a lot by fighting, war becomes inevitable. The literature on mutual optimism typically assumes mutually optimistic beliefs and shows that, under such an a...
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| Format: | Article |
| Language: | English |
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MDPI AG
2019-09-01
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| Series: | Games |
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| Online Access: | https://www.mdpi.com/2073-4336/10/4/37 |