Overconfidence and Risk Taking in Foreign Policy Decision Making
Imran Demir
Gebundenes Buch

Overconfidence and Risk Taking in Foreign Policy Decision Making

The Case of Turkey's Syria Policy

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This book introduces a new perspective on risk seeking behaviour, developing a framework based on various cognitive theories, and applying it to the specific case-study of Turkey's foreign policy toward Syria. The author examines why policy makers commit themselves to polices that they do not have the capacity to deliver, and develops an alternative theoretical model to prospect theory in explaining risk taking behaviour based on the concept of overconfidence. The volume suggests that overconfident individuals exhibit risk seeking behaviour that contradicts the risk averse behaviour of individ...