The New America Foundation/American Strategy Program is hosting an event TODAY, Friday April 16 featuring Nobel Laureate in Economics Thomas Schelling.
Here is what the Nobel Prize Committee had to say about Schelling’s work upon awarding him the prize in 2005:
Against the backdrop of the nuclear arms race in the late 1950s, Thomas Schelling’s book The Strategy of Conflict set forth his vision of game theory as a unifying framework for the social sciences. Schelling showed that a party can strengthen its position by overtly worsening its own options, that the capability to retaliate can be more useful than the ability to resist an attack, and that uncertain retaliation is more credible and more efficient than certain retaliation. These insights have proven to be of great relevance for conflict resolution and efforts to avoid war.
Schelling’s work prompted new developments in game theory and accelerated its use and application throughout the social sciences. Notably, his analysis of strategic commitments has explained a wide range of phenomena, from the competitive strategies of firms to the delegation of political decision power.
Schelling will address a variety of questions related to Iran’s nuclear program and its possible implications for American strategy.
TWN Publisher Steve Clemons will moderate the event and New America Foundation/Nuclear Strategy and Nonproliferation Initiative Jeffrey Lewis will offer remarks as well.
This event will STREAM LIVE here at The Washington Note.
— Ben Katcher
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