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Technologos comments on Rationality is Systematized Winning - Less Wrong
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Agreed. In fact, the classic game-theoretic model of chicken requires that the players vastly prefer losing their pride to losing their lives. If winning/losing > losing/dying, then in a situation with imperfect information, we would assign a positive probability to playing aggressively.
And technically speaking, it is most rational, in the game-theoretic sense, to disable your steering ostentatiously before the other player does so as well. In that case, you've won the game before it begins, and there is no actual risk.
No, if you are rational the best action is to convince your opponent that you have disabled your steering when in fact you have not done so.
Either a) your opponent truly does believe that you've disabled your steering, in which case the outcomes are identical and the actions are equally rational, or b) we account for the (small?) chance that your opponent can determine that you actually have not disabled your steering, in which case he ostentatiously disables his and wins. Only by setting up what is in effect a doomsday device can you ensure that he will not be tempted to information-gathering brinksmanship.