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Gambling on war : confidence, fear, and the tragedy of the First World War
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Gambling on war : confidence, fear, and the tragedy of the First World War
BOOK

Gambling on war : confidence, fear, and the tragedy of the First World War

2018
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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 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 hopes of winning the war. The result was a series of military disasters and a war of attrition which gradually exhausted the belligerents without producing any hope of ending the war. Ultimately, he shows that the outcome of the war rested as much on the ability of the Allied Powers to muster their superior economic resources to continue the fight, as it did on success on the battlefield.\"--Provideed by publisher.
Publisher
Cambridge University Press
ISBN
9781108485029, 1108485022, 9781108454353, 1108454356
Item info:
1 item available
1 item total in all locations
Holdings :
Call Number Copies Material Location
D521.R25 2018 1 BOOK AUTOSTORE