You might also like

Availability alert

More about Adversarial Risk Analysis

• Book details
• Synopsis
• Trending among others

You get 321 loyalty points

Book synopsis

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 book

The 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.

Book details

Book category Books in English Economics, finance, business & management Economics Econometrics

• Full title: Adversarial Risk Analysis
• Author: David Rios Insua
• Language: English
• Binding: Hardback
• Number of pages: 224
• EAN: 9781498712392
• ISBN: 9781498712392
• ID: 09395969
• Publisher: Taylor & Francis Inc
• Weight: 478 g
• Dimensions: 243 × 162 × 18 mm
• Date of publishing: 30. June 2015

Trending among others

---

---

---