Game Theory & the Nuclear Standoff

Extract

Game theory in both popular and academic circles is prominently associated with the nuclear standoff between the United States and the Soviet Union. But game theory, unfortunately, is not easy to use, and much of its application to the nuclear dilemma has only fathered confusion. Two of these confusions are particularly destructive.

The first comes from thinking of strategic interactions as games, to be won like chess and poker. We owe this confusion directly to John von Neumann, who gave the name “game theory” to his analysis of the logical structures of strategic interactions. It is too late to change the name, but it may not be too late to quit thinking of poker and chess when we are involved in the more crucial strategic interactions that fill our lives.