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Mensuel de décembre 2023 - Fonds d’investissement

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On Statistics, Rationality and Governmental Decision Making
By Michel VERLAINE, ICN Business School *   An interesting recent book by Mearsheimer and Rosato (2023) deals with the decision-making problem of governments in foreign policy. The topic of course is very timely and even though focussed on foreign policy, it is also of foremost interest for governmental decision making in general, especially given the increase in uncertainty in today’s world.   As highlighted by the authors, the world in which States operate is mostly characterized by uncertainty and international politics is thus, by essence, an information-deficient enterprise. The process through which governmental decisions are taken, typically involves elements of individual as well as collective rationality. The first step involves the...
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