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About how interactions will play out as game theory assumes

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If governments were consistent rational utility maximizers possessing ample information about how interactions will play out as game theory assumes, there would be very few wars because governments would always have accurate estimates of the cost-benefit ratio of fighting. However, we know that governments have not always accurately estimated the costs of fighting. Thinking about 20th and 21st century wars, explain how governments' estimates of the costs of armed conflict can go wrong. Provide more examples and citations.

Reference no: EM133320081

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