%0 Journal Article %1 noauthororeditor %A Park, Jeongho %D 2016 %J International Journal of Game Theory and Technology (IJGTT) %K Game theory %N 2/3 %P 1-8 %T APPLICATION OF RISK DOMINANCE CONCEPT AND BAYESIAN NASH QUILIBRIUM FOR ANALYSIS OF RECENT GEOPOLITICAL TENSION BETWEEN NORTH AND SOUTH KOREA %U http://aircconline.com/ijgtt/V2N3/2316ijgtt01.pdf %V 2 %X Recent threats of hydrogen bomb test from North Korea were unexpected, as the relationship between South and North Korea was known to be improving. Here, Nash equilibrium and the concept of risk dominance will be used to describe the general diplomatic strategy between North Korea and South Korea and to account for North Korea’s constant provocations. Then Bayesian Nash equilibrium will be applied to suggest policy lines specifically after the current hydrogen bomb test conducted by North Korea. Here, how rational thinking will lead both Koreas to continue on with the Hard-line measure towards each other will clearly be shown. At conclusive remarks, other possible diplomatic approaches to the volatile geopolitical landscape of East Asia will be suggested.

@article{noauthororeditor, abstract = {Recent threats of hydrogen bomb test from North Korea were unexpected, as the relationship between South and North Korea was known to be improving. Here, Nash equilibrium and the concept of risk dominance will be used to describe the general diplomatic strategy between North Korea and South Korea and to account for North Korea’s constant provocations. Then Bayesian Nash equilibrium will be applied to suggest policy lines specifically after the current hydrogen bomb test conducted by North Korea. Here, how rational thinking will lead both Koreas to continue on with the Hard-line measure towards each other will clearly be shown. At conclusive remarks, other possible diplomatic approaches to the volatile geopolitical landscape of East Asia will be suggested. }, added-at = {2017-01-11T07:39:25.000+0100}, author = {Park, Jeongho}, biburl = {https://www.bibsonomy.org/bibtex/24f024b9fc01be367664d3198c943f105/shanwatson2}, interhash = {40c05eec4fdfb4dc0f47c1547d43380a}, intrahash = {4f024b9fc01be367664d3198c943f105}, journal = {International Journal of Game Theory and Technology (IJGTT)}, keywords = {Game theory}, month = sep, number = {2/3}, pages = {1-8}, timestamp = {2017-01-11T07:39:25.000+0100}, title = {APPLICATION OF RISK DOMINANCE CONCEPT AND BAYESIAN NASH QUILIBRIUM FOR ANALYSIS OF RECENT GEOPOLITICAL TENSION BETWEEN NORTH AND SOUTH KOREA}, url = {http://aircconline.com/ijgtt/V2N3/2316ijgtt01.pdf}, volume = 2, year = 2016 }