Jump to ContentJump to Main Navigation
Show Summary Details
More options …

Peace Economics, Peace Science and Public Policy

Editor-in-Chief: Caruso, Raul

Ed. by Böhmelt, Tobias / Bove, Vincenzo / Kibris, Arzu / Sekeris, Petros

4 Issues per year

CiteScore 2016: 0.39

SCImago Journal Rank (SJR) 2016: 0.225
Source Normalized Impact per Paper (SNIP) 2016: 0.322

See all formats and pricing
More options …
Volume 13, Issue 2 (Jan 2008)


Volume 17 (2011)

Volume 4 (1996)

Volume 3 (1995)

Volume 2 (1994)

Volume 1 (1993)

Irrationality, Non-equilibrium Conflict and Complex Dynamics

Partha Gangopadhyay
Published Online: 2008-01-22 | DOI: https://doi.org/10.2202/1554-8597.1098

The bulk of research in conflict theory turns on the pivot of modern decision theory that is, in turn, concerned with an optimal decision making, which is predicated upon an ideal decision maker who is fully informed, able to compute with perfect accuracy, and hence fully rational. Conflict is difficult to comprehend in the context of optimal decision making that accords undue importance to the volition of exchange, the gains from trade and, hence, the win-win aspect of exchange. We offer for the first time, to the best of our knowledge, a model of non-equilibrium conflict in a simple framework of duopoly that examines decision-makers who refrain from maximising short-run returns/profits. We posit that these decision-makers are actuated by their long-run goal of survival and growth. Based on this simple notion we first establish that there does not exist any pure strategy Nash equilibrium conflict in our model. We are able to derive the dynamics that characterises the evolution of conflicts between two decision-makers. We establish that the dynamics involving predatory activities and conflicts can exhibit chaotic behaviour. Decision makers now fail to see systematic errors. Decision makers also fail to make long-run predictions with certainty even though they act in a deterministic world. Time profiles, which start very close together, will separate exponentially.

Keywords: regions of instability; conflicts; chaotic dynamics

About the article

Published Online: 2008-01-22

Citation Information: Peace Economics, Peace Science and Public Policy, ISSN (Online) 1554-8597, DOI: https://doi.org/10.2202/1554-8597.1098.

Export Citation

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston. Copyright Clearance Center

Citing Articles

Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.

Partha Gangopadhyay
Peace Economics, Peace Science and Public Policy, 2008, Volume 13, Number 2

Comments (0)

Please log in or register to comment.
Log in