In rationaldeterrencetheorymutualdeterrenceis considered as akind ofbargainingprocess, butthe classical Rubinsteinbargainingmodelcan not bedirectlyapplied to it.
Even though it could retaliate against a hypothetical Iranian or North Korean nuclear attack and obliterate both nations while utilizing only 1 or 2% of its arsenal, the Obama administration is acting as if thetheoryofdeterrence no longer applies.
The classic theoryofdeterrence contemplates the state absorbing the first harm, apprehending its perpetrator and then punishing him publicly and proportionally, so as to show potential future harm doers that it does not pay to commit the harm.