Game theory and deterrence in the law

Abstract

Game theory involves studying and analyzing how people behave in interactive situations. One aspect within game theory is strategic moves. Strategic moves can be threats, promises, or commitments. Threats are used to stop your opponent from doing something you do not want them to do. If your opponent does what you do not want them to do, you punish them. Threats are what deterrence is based on. Deterrence can be used in households by parents, political threats, or fines for breaking the law. One large application of deterrence is within the law. Whether it is used to deter one person, the entire population, or another country, deterrence can be utilized. Deterrence can be successful, or it can fail depending on several factors. Deterrence can be seen on a larger scale when looking at the international world today. At the core of deterrence, including deterrence in the law, is the use of threats in game theory.