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Prospect Theory and Foreign Policy Analysis in the Asia Pacific Rational Leaders and Risky Behavior

Theory, or the principles that help one organise, understand and interpret facts in a better manner, is the central pillar around which any scientifically premised field of research is developed. Credibility of the field of international relations, as an independent and scientific field of research, is based on its theoretical underpinnings. Even then, international relations theory is constantly under the process of refinement as it remains a discursive science despite claims of objectivity. Kai He and Huiyun Feng attempt the same in their book entitled, “Prospect Theory and Foreign Policy Analysis in the Asia Pacific.” They study and fill in the gaps in this neoclassical realist interpretation of state behaviour by applying prospect theory, which is originally rooted in the field of Psychology.

 

Theory, or the principles that help one organise, understand and interpret facts in a better manner, is the central pillar around which any scientifically premised field of research is developed. Credibility of the field of international relations, as an independent and scientific field of research, is based on its theoretical underpinnings. Even then, international relations theory is constantly under the process of refinement as it remains a discursive science despite claims of objectivity. Kai He and Huiyun Feng attempt the same in their book entitled, “Prospect Theory and Foreign Policy Analysis in the Asia Pacific.” They study and fill in the gaps in this neoclassical realist interpretation of state behaviour by applying prospect theory, which is originally rooted in the field of Psychology.

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