Answer to Question #91914 in Microeconomics for John Manda

Question #91914
In the decades after World War II, the world’s two superpowers— the United States and the Soviet Union—were engaged in a prolonged competition over military power. This topic motivated some of the early work on game theory. The game theorists pointed out that an arms race is much like the prisoners’ dilemma. Explain why?
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Expert's answer
2019-07-23T04:09:06-0400
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