2008
DOI: 10.1111/j.1743-8594.2007.00056.x
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Following START: Risk Acceptance and the 1991–1992 Presidential Nuclear Initiatives

Abstract: In September 1991, U.S. President George H.W. Bush launched the Presidential Nuclear Initiatives (PNIs), which were unilateral measures that led to the largest reductions in the American and Soviet ⁄ Russian nuclear arsenals to date. Despite their eventual success, the United States took on significant risks in launching the PNIs. To uncover the best theoretical explanation for their onset, this article uses realism, neorealism, the bureaucratic politics model, expected utility theory, and prospect theory to g… Show more

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Cited by 10 publications
(8 citation statements)
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“…The key contention of prospect theory is that individuals making decisions in the domain of losses tend to be more risk acceptant, while they tend to be more risk averse in the domain of gains. While the use of prospect theory has gained a lot of traction in the study of political behavior and foreign policy (e.g., Berejikian, ; Fuhrmann & Early, ; Levy, ; McDermott, ; McDermott et al., ), it is not necessary to adopt all of the assumptions and attendant complexities of prospect theory to invoke the insights provided by loss aversion . Indeed, the more narrowly focused neuroscientific research agenda on loss aversion provides a more detailed, nuanced understanding of how loss aversion affects human decision making than prospect theory does.…”
Section: Loss Aversion and Expectationsmentioning
confidence: 99%
“…The key contention of prospect theory is that individuals making decisions in the domain of losses tend to be more risk acceptant, while they tend to be more risk averse in the domain of gains. While the use of prospect theory has gained a lot of traction in the study of political behavior and foreign policy (e.g., Berejikian, ; Fuhrmann & Early, ; Levy, ; McDermott, ; McDermott et al., ), it is not necessary to adopt all of the assumptions and attendant complexities of prospect theory to invoke the insights provided by loss aversion . Indeed, the more narrowly focused neuroscientific research agenda on loss aversion provides a more detailed, nuanced understanding of how loss aversion affects human decision making than prospect theory does.…”
Section: Loss Aversion and Expectationsmentioning
confidence: 99%
“…Opposing leaders will have a more difficult time predicting exactly where the brink is for risk-acceptant leaders than for their risk-averse counterparts. Engaging in brinksmanship can give leaders bargaining power, but it also increases 11 For an excellent example of diplomatic risk-taking, see Fuhrmann and Early's (2008) analysis of George H.W. Bush's launching of the 1991 Presidential Nuclear Initiative.…”
Section: Taking Risks By Using Forcementioning
confidence: 99%
“… For an excellent example of diplomatic risk‐taking, see Fuhrmann and Early's () analysis of George H.W. Bush's launching of the 1991 Presidential Nuclear Initiative. …”
mentioning
confidence: 99%
“…While often thought of as the study of an actor’s decision‐making process or outcome (which is a rich theoretical literature within foreign policy), the foreign policy approach is applicable to more than decision‐making alone. It emphasizes the players, processes, outputs, and outcomes and offers the ability to connect international and domestic politics to understand topics such as arms control (Fuhrmann and Early 2008), conflict duration (Bennett and Stam 2006), economic statecraft (Allen 2008), environmental policy (Below 2008), ethnic conflict (James and Ozdamar 2009), foreign aid (Diven 2009), international drug enforcement (Bartilow and Eom 2009), trade protectionism (Thies and Porche 2007), and the use of military force (Brule 2008) to name just a few. The theoretical and methodological approaches used in foreign policy analysis are as varied as the substantive questions asked.…”
Section: Research Diversitymentioning
confidence: 99%