The Art of Strategy

Chapter 7: 1. What are the two main avenues through which an individual or firm can add credibility to their threat, promise, or commitment?2. How might the Mafia serve to change the payoffs (and outcome) of two criminals engaged in the Prisoner's dilemma? 3. Why did Cortes have his ships burned upon arriving to face an army that vastly outnumbered his? 4. In Dr. Strangelove, when asked about the possibility of a device (the Doomsday Machine) being able to trigger itself automatically, what did Dr. Strangelove mean with his reply, "It is not only possible - it is essential"? 5. How might forcing college bookstores to buy back used textbooks make students, faculty and publishers worse off?