Question
(Brinkmanship) Read Chapter 14 of the textbook, which is a case study of the Cuban Missile Crisis of the 1960s, related to the concept of
(Brinkmanship) Read Chapter 14 of the textbook, which is a "case study" of the Cuban Missile Crisis of the 1960s, related to the concept of "brinkmanship". Identify any real world situation involving the use of brinkmanship, and do the case study somewhat similar to that of Chapter 14. This would involve some research, and the writing of a succinct essay with a game theoretic analysis of your chosen topic. For the situation you have chosen, (i) identify the interests of the parties; (ii) describe the nature of the uncertainty inherent in the situation; (iii) give the strategies the parties used to escalate the risk of disaster; (iv) discuss whether the strategies were good ones; and (v) set up a small mathematical model of the kind presented in Chapter 14. {Suggestion: 'Solutions' to solved examples in chapter 14 might give you some idea how to approach this; you can find them via the link posted on Blackboard.}
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