Gambling on War: Confidence, Fear, and the Tragedy of the First World War

£18.90

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.

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EAN: 2000000255057 SKU: ED63C213 Category:

Additional information

Publisher

Cambridge University Press (28 Jun. 2018)

Language

English

File size

12412 KB

Simultaneous device usage

Up to 4 simultaneous devices, per publisher limits

Text-to-Speech

Enabled

Screen Reader

Supported

Enhanced typesetting

Enabled

X-Ray

Not Enabled

Word Wise

Enabled

Sticky notes

On Kindle Scribe

Print length

341 pages

Page numbers source ISBN

1108485022

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Gambling on War: Confidence, Fear, and the Tragedy of the First World War