Expected Utility From Talking with Iran
April 8, 2009 – 11:14 pmThe Iran Question seems to never go away. It was at the forefront of policy issues facing the waning Bush administration in early 2007. In this term paper for a Rice foreign policy class, I explore the U.S.'s stance towards Iran while also analyzing an expected utility model. SAJ -- Bruce Bueno De Mesquita’s expected utility model has proven its value as a tool that can make reliable forecasts on a broad range of policy issues. Since adapting the model from economics to the field of political science in 1981, Bueno de Mesquita along with other eminent political scientists have expounded upon and refined the theory to the extent that it has accurately predicted policy decisions in events ranging from the return of Hong Kong to the Peoples Republic of China[1] to the outcome of the Cold War[2] to the next leader of post Khomeini Iran[3]. Given the demonstrated robustness and ...