Adversarial risk analysis
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This book shows decision makers how to build Bayesian models for the strategic calculation of their opponents, enabling decision makers to maximize their expected utility or minimize their expected loss. Many examples throughout illustrate the application of the ARA approach to a variety of games and strategic situations. A case study based on a
Winner of the 2017 De Groot Prize awarded by the International Society for Bayesian Analysis (ISBA)
A relatively new area of research, adversarial risk analysis (ARA) informs decision making when there are intelligent opponents and uncertain outcomes. Adversarial Risk Analysis develops methods for allocating defensive or offensive resources against intelligent adversaries. Many examples throughout illustrate the application of the ARA approach to a variety of games and strategic situations.
Focuses on the recent subfield of decision analysis, ARA Compares ideas from decision theory and game theory Uses multi-agent influence diagrams (MAIDs) throughout to help readers visualize complex information structures Applies the ARA approach to simultaneous games, auctions, sequential games, and defend-attack games Contains an extended case study based on a real application in railway security, which provides a blueprint for how to perform ARA in similar security situations Includes exercises at the end of most chapters, with selected solutions at the back of the bookThe book shows decision makers how to build Bayesian models for the strategic calculation of their opponents, enabling decision makers to maximize their expected utility or minimize their expected loss. This new approach to risk analysis asserts that analysts should use Bayesian thinking to describe their beliefs about an opponent’s goals, resources, optimism, and type of strategic calculation, such as minimax and level-k thinking. Within that framework, analysts then solve the problem from the perspective of the opponent while placing subjective probability distributions on all unknown quantities. This produces a distribution over the actions of the opponent and enables analysts to maximize their expected utilities.
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Taal: en
Bindwijze: Paperback
Oorspronkelijke releasedatum: 30 juni 2021
Aantal pagina's: 224
Illustraties: Nee
Hoofdauteur: David L. Banks
Tweede Auteur: Jesus M. Rios Aliaga
Co Auteur: David Rios Insua
Hoofduitgeverij: Chapman & Hall/Crc
Product breedte: 156 mm
Product lengte: 234 mm
Studieboek: Nee
Verpakking breedte: 156 mm
Verpakking hoogte: 234 mm
Verpakking lengte: 234 mm
Verpakkingsgewicht: 331 g
EAN: 9781032098494