Game Theory and a New Insight into How the Cuban Missile Crisis Was Resolved

Abstract

The purpose of this article is to investigate the Cuban Missile Crisis with new approaches. For this purpose, we analyse this crisis in two static and dynamic approaches. In the static approach, we look at the crisis through the perspective of credible threats. In the dynamic approach, the crisis is modelled using several game theoretic models. The models allow us to analyse the interplay of the capabilities and the feasibility objectives of each player after a conflict with the other player’s objectives and capabilities. The dynamic system of games has significant implications as an important insight for modelling strategic interactions in which players pursue goals for increasing their personal interests. Our findings give insight into how the two countries reached a compromise in the Cuban Missile Crisis.