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The purpose of this paper is to suggest corresponding steps and further approaches for dismantlement of North Korea's nuclear weapons program through application of game theory, bargaining theory, and prospect theory.
In pursuit of the Joint Statement, February agreement, and US-DPRK accord, some suggestions for North Korean nuclear denuclearization are as follows.
First, North Korea has to allow verification measures to avoid a zerosum game, as the US took the step of removing North Korea from the terrorism list.
Second, North Korea has to fulfill its nuclear disablement, and the five nations of six-party talks should carry out economic aid to North Korea based on cooperation in economic, energy and humanitarian assistance in a non-zero sum game with the view of obtaining mutual gains.
Third, North Korea should abandon all nuclear programs, and the participating nations in the six party-talks except the DPRK have to discuss, at an appropriate time, the subject of the provision of light water reactors to the DPRK for peaceful uses of nuclear energy rather than bombs, to reduce the possibility using of threats and brinkmanship towards each other.
Fourth, there is a need to establish a security regime in the North for the purpose of guaranteeing North Korean security, inducing to forgo use of threats and violence, antagonism and confrontation, and instead engage in confidence-building measures.