CORDIS Project
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This project explores how prospect theory can explain the strategic decisions of countries in the shared neighborhood between the European Union and Russia. It investigates the conditions under which these nations choose to align with either the EU or the Eurasian Economic Union based on perceived gains and losses.
The project attempts to test the potential of prospect theory in explaining the strategic choices of countries located in the common neighbourhood between the European Union (EU) and Russia.
Under what conditions ruling elites in Eastern Partnership (EaP) countries select EU or Eurasian Economic Union (EaEU) as integration projects?
The theoretical expectation is that different values of gains and losses, judged against a given ""reference point"", are associated with one or another integration…
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