Understanding Political Decision Making: Prospect Theory & The Fog of War
Автор: Professor Hellstrom
Загружено: 2025-04-08
Просмотров: 95
Описание:
Dive into the intricacies of political decision making with Professor Strom, as he explores Prospect Theory and its explanation of why leaders might seem reckless or timid under pressure. Learn how emotional and psychological factors, such as fear and uncertainty, can influence leaders' choices, especially in high-stakes scenarios. Discover real-world examples ranging from the Clinton administration's response to the Rwandan genocide to Hitler's gamble in the Battle of the Bulge. Understand the limitations and strengths of Prospect Theory and its contrast with Rational Choice Theory in this insightful video.
00:00 Introduction to Political Decision Making
00:21 Understanding Prospect Theory
00:48 Rational Choice Theory vs. Prospect Theory
01:47 The Fog of War in Decision Making
02:32 Case Studies: Real-World Applications
04:09 Risk Seeking in the Domain of Losses
05:55 Limitations of Prospect Theory
06:36 Conclusion and Call to Action
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