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Game Theory in Political Science
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Electoral Competition
The Median Voter Theorem, drawn from game theory, suggests that in a two-party system, both parties will move toward the preferences of the median voter.
Conflict and Warfare
Game theory models conflict through games like the Prisoner's Dilemma, where entities choose between cooperation and defection, with the potential for mutually assured destruction.
International Treaties and Alliances
Game theory helps explain why states abide by or break international treaties, framing it as a repeated game where the anticipation of future interactions influences current behavior.
Regime Change and Stability
Game theory has been employed to understand political actions and responses related to coup d'etats, revolutions, and regime change, viewing them as strategic interactions.
Legislative Bargaining
In legislative bodies, game theory models the process where legislators form coalitions and trade votes, analyzed as bargaining games.
Social Choice Theory
Game theory can be used to analyze collective decision-making processes, revealing issues like preference aggregation and Arrow's impossibility theorem.
Voting Systems
Game theory can model strategic voting behavior where voters may vote for a less preferred option to avoid the worst outcome.
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