Adversarial risk analysis: Borel games

Journal Article (Journal Article)

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 © 2011 John Wiley & Sons, Ltd.

Full Text

Duke Authors

Cited Authors

  • Banks, D; Petralia, F; Wang, S

Published Date

  • March 1, 2011

Published In

Volume / Issue

  • 27 / 2

Start / End Page

  • 72 - 86

Electronic International Standard Serial Number (EISSN)

  • 1526-4025

International Standard Serial Number (ISSN)

  • 1524-1904

Digital Object Identifier (DOI)

  • 10.1002/asmb.890

Citation Source

  • Scopus