Gambling on War - Confidence, Fear, and the Tragedy of the First World War (Paperback)

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 L. 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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	June 2018
Authors:	Roger L. Ransom
Dimensions:	228 x 153 x 17mm (L x W x T)
Format:	Paperback - Trade
Pages:	346
ISBN-13:	978-1-108-45435-3
Categories:	Books > Humanities > History > History of specific subjects > Economic history Books > Humanities > History > History of specific subjects > Military history Books > Social sciences > Warfare & defence > War & defence operations > Battles & campaigns Books > Humanities > History > World history > From 1900 > First World War Books > History > History of specific subjects > Economic history Books > History > History of specific subjects > Military history Books > History > World history > From 1900 > First World War
LSN:	1-108-45435-6
Barcode:	9781108454353

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