FantasticalEconomics , 17 days ago @randahl In game theory, there is a concept of "credible threats." The only way for a threat to work - to change actions of others - is for it to be believable. Thank you Putin, for providing a great example of what is not a credible threat that I can use next semester!
@randahl
In game theory, there is a concept of "credible threats."
The only way for a threat to work - to change actions of others - is for it to be believable.
Thank you Putin, for providing a great example of what is not a credible threat that I can use next semester!