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Adversarial risk analysis: Borel games

โœ Scribed by David Banks; Francesca Petralia; Shouqiang Wang

Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
209 KB
Volume
27
Category
Article
ISSN
1524-1904

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โœฆ Synopsis

Abstract

Adversarial risk analysis (ARA) offers a new solution concept in game theory. This paper explores its application to a range of simple gambling games, enabling comparison with minimax solutions for similar problems. We find that ARA has several attractive advantages: it is easier to compute, it takes account of asymmetric information, it corresponds better to human behavior, and it reduces to previous solutions in appropriate circumstances. Copyright ยฉ 2011 John Wiley & Sons, Ltd.

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