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The expected prospects for peace in northern Ireland

Bibliographic Data

ID8098086
AuthorsBruce Bueno De Mesquita (0000-0001-8582-8330, Hoover Institution, corresponding author), Rose Mcdermott (0000-0002-0920-1541, Cornell University), Emily A Cope (Cornell University), Emily Cope
Year2001
Volume27
Issue2
Pages129-167
Publication date2001-06-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueInternational Interactions (JOURNAL)
Journal identifiersISSN: 0305-0629 • E-ISSN: 1547-7444
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/03050620108434980
OpenAlexW2066084762
LanguageEN
Citations received17
References cited18

Negotiations over implementation of the Northern Ireland Good Friday Agreements are used to compare predictions made by prospect theory and an expected utility model. The ex ante predictions were made in May 1999 and are evaluated against developments through August 2000. The study shows that prospect theory is capable of more limited predictions than expected utility models because the latter can be imbedded in a framework that attends to strategic interaction while the former is strictly decision theoretic at this time. Prospect theory proved accurate in 40–70 percent of its predictions, depending on how one interprets the meaning of “implementation.” The expected utility model proved accurate in 100 percent of the issues evaluated here

Decision theory · Economics · Epistemology · Ex-ante · Expected utility hypothesis · Macroeconomics · Mathematical economics · Meaning (existential · Microeconomics · Negotiation · Political science · Positive economics · Prospect theory · Disaster Management and Resilience · Irish and British Studies · Law · Philosophy

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Unique citing works17
Citations per year0,77
Citation span2004 - 2025 (22)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 17

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