Credibility, Deterrence, and Compellence
Lecture no. 11 from the course: Games People Play: Game Theory in Life, Business, and Beyond
Taught by Professor Scott P. Stevens | 31 min | Categories: The Great Courses Plus Online Economics & Finance Courses
This lecture explains how a player best gains credibility for a threat, promise, or commitment and also explores how these strategic moves are most commonly and advantageously used for deterrence (meant to maintain the status quo) and compellence (meant to change it).