000			01615nam a22001697a 4500
999			_c65688 _d65688
008			200612b2018 ||||| |||| 00| 0 eng d
020			_a9781108454353
082			_a940.3 RAN-R
100			_aRansom, Roger
245			_aGambling on war : _bconfidence, fear, and the tragedy of the first world war / _cRoger L. Ransom
260			_aIndia _bCambridge University Press _c2018
300			_a338 p.
365			_aGBP _b19.99.
500			_aThe First World War left a legacy of chaos that is still with us a century later. Why did European leaders resort to war and why did they not end it sooner? Roger L. Ransom sheds new light on this enduring puzzle by employing insights from prospect theory and notions of risk and uncertainty. He reveals how the interplay of confidence, fear, and a propensity to gamble encouraged aggressive behavior by leaders who pursued risky military strategies in hopes of winning the war. The result was a series of military disasters and a war of attrition which gradually exhausted the belligerents without producing any hope of ending the war. Ultimately, he shows that the outcome of the war rested as much on the ability of the Allied powers to muster their superior economic resources to continue the fight as it did on success on the battlefield. Combines military and political factors with the economics of war Includes quantitative data on both economic and military variables Contains twenty four detailed and original maps which show the location and movements of battles and the changing political landscapes
650			_aWorld War (1914-1918)
650			_aEconomics