Threat
A threat is the communication to a person of the intent of aggression against that person. Stephan Kinsella has argued that there are limits to how useful armchair reasoning about hypothetical threats can be.[1]
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.[2]
References
- ↑ Kinsella, Stephan (27 July 2006). "The Limits of Armchair Theorizing: The case of Threats". Mises Economics Blog. http://archive.mises.org/5391/the-limits-of-armchair-theorizing-the-case-of-threats/.
- ↑ Avinash K. Dixit and Barry J. Nalebuff, Thinking Strategically (New York, NY: 1991) 124-125