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Paperback Gambling on War: Confidence, Fear, and the Tragedy of the First World War Book

ISBN: 1108454356

ISBN13: 9781108454353

Gambling on War: Confidence, Fear, and the Tragedy of the First World War

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Book Overview

The First World War left a legacy of chaos that is still with us a century later. Why did European leaders resort to war and why did they not end it sooner? Roger L. Ransom sheds new light on this enduring puzzle by employing insights from prospect theory and notions of risk and uncertainty. He reveals how the interplay of confidence, fear, and a propensity to gamble encouraged aggressive behavior by leaders who pursued risky military strategies in...

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