Thomas Schelling

  • 202 views
Uploaded on

Economist Thomas Schelling

Economist Thomas Schelling

More in: Education
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
202
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
1
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Thomas Schelling Alex Cherney Period 5
  • 2. Biography • Born April 14, 1921 in Oakland California • Published The Strategy of Conflict in 1960 detailing his major ideas regarding game theory in international policy • Won the Nobel Prize in 2005 economics for his work in game theory
  • 3. Game Theory • A mathematical method of decision making in competitive situations by analyzing the benefits and risks of every possible outcome and acting in a manner that maximizes utility. • Schelling is recognized for applying game theory to the Cold War
  • 4. • “Imagine a poker table where each player is the head of state of a powerful nation and the cards you are dealing them are elaborate military strategies or aggressive plans for economic development.”-Eric Bidault • This is how Schelling viewed all international situations.
  • 5. Cold War • “uncertain retaliation is more credible and more efficient than certain retaliation.” • Thomas Schelling said this in regard to the two super powers in the Cold War.
  • 6. Works Cited Pictures • http://alaskakid.files.wordpress.com/2009/01/thomas_schelling.jpg • http://www.ccs.neu.edu/home/dkanou/agt/agt.jpg • http://coolrain44.files.wordpress.com/2009/08/dogs-playing-poker.jpg Info Bidault, Eric. “War Games.” IGWB Jan. 2007: 23-23. Print Holden, Constance. Science. Washington: Oct 14, 2005. Vol. 310, Iss 5746; pg. 212