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Prospect Theory and Foreign Policy Analysis in the Asia Pacific - Rational Leaders and Risky Behavior (Paperback)
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Prospect Theory and Foreign Policy Analysis in the Asia Pacific - Rational Leaders and Risky Behavior (Paperback)
Series: Foreign Policy Analysis
Expected to ship within 12 - 17 working days
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Why does North Korea behave erratically in pursuing its nuclear
weapons program? Why did the United States prefer bilateral
alliances to multilateral ones in Asia after World War II? Why did
China become "nice"-no more military coercion-in dealing with the
pro-independence Taiwan President Chen Shuibian after 2000? Why did
China compromise in the negotiation of the Chunxiao gas exploration
in 2008 while Japan became provocative later in the Sino-Japanese
disputes in the East China Sea? North Korea's nuclear behavior,
U.S. alliance strategy, China's Taiwan policy, and Sino-Japanese
territorial disputes are all important examples of seemingly
irrational foreign policy decisions that have determined regional
stability and Asian security. By examining major events in Asian
security, this book investigates why and how leaders make risky and
seemingly irrational decisions in international politics. The
authors take the innovative step of integrating the neoclassical
realist framework in political science and prospect theory in
psychology. Their analysis suggests that political leaders are more
likely to take risky actions when their vital interests and
political legitimacy are seriously threatened. For each case, the
authors first discuss the weaknesses of some of the prevailing
arguments, mainly from rationalist and constructivist theorizing,
and then offer an alternative explanation based on their political
legitimacy-prospect theory model. This pioneering book tests and
expands prospect theory to the study of Asian security and
challenges traditional, expected-utility-based, rationalist
theories of foreign policy behavior.
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