Risk analysts often analyze adversarial risks from terrorists or other intelligent attackers without mentioning game theory. Why? One reason is that many adversarial situationsβthose that can be represented asβ__attackerβdefender games__, in which the defender first chooses an allocation of defensiv
Game Theory and Risk Analysis
β Scribed by Louis Anthony (Tony) Cox; Jr.
- Book ID
- 109157938
- Publisher
- Springer
- Year
- 2009
- Tongue
- English
- Weight
- 76 KB
- Volume
- 29
- Category
- Article
- ISSN
- 1573-9147
No coin nor oath required. For personal study only.
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## 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 com