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Threat

From The Austrian Economics Wiki, the global repository of classical-liberal thought
Revision as of 21:38, 15 February 2011 by Huckelberry (talk | contribs) (add definition from game theory)

A threat is the communication to a person of the intent of aggression against that person.

Game Theory

In game theory a threat is a response rule that punishes others who fail to cooperate with you. It is a strategic move in the sense that it limits the options of the person making the threat and creates control in a situation, compelling another to cooperate.[1]

References

  1. Avinash K. Dixit and Barry J. Nalebuff, Thinking Strategically (New York, NY: 1991) 124-125