Prospect theory and China’s crisis behaviour under Hu JinTao
Borrowing insights from prospect theory, this paper introduces a ―political survival-prospect‖ model to explain the dynamics of China‘s foreign policy behaviour during crises. I argue that when Chinese leaders are framed in a domain of losses with respect to political survival, a risk-acceptant b...
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| Other Authors: | |
| Format: | Working Paper |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/82409 http://hdl.handle.net/10220/40000 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Borrowing insights from prospect theory, this paper introduces a ―political survival-prospect‖
model to explain the dynamics of China‘s foreign policy behaviour during crises. I argue that
when Chinese leaders are framed in a domain of losses with respect to political survival, a
risk-acceptant behaviour, e.g. coercive diplomacy, is more likely to be adopted. When
Chinese leaders are framed in a domain of gains, a risk-averse behaviour, e.g. an
accommodative policy, is more likely to be chosen. Two crises, the 2009 Impeccable
incident between China and the United States and the 2010 boat collision crisis between
China and Japan, are studied to test Chinese President Hu Jintao‘s decision-making during
crises. |
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