Adversarial risk analysis: Borel games
Publication
, Journal Article
Banks, D; Petralia, F; Wang, S
Published in: Applied Stochastic Models in Business and Industry
March 1, 2011
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.
Duke Scholars
Published In
Applied Stochastic Models in Business and Industry
DOI
EISSN
1526-4025
ISSN
1524-1904
Publication Date
March 1, 2011
Volume
27
Issue
2
Start / End Page
72 / 86
Related Subject Headings
- Statistics & Probability
- 4905 Statistics
- 4901 Applied mathematics
- 3502 Banking, finance and investment
- 1502 Banking, Finance and Investment
- 0104 Statistics
- 0102 Applied Mathematics
Citation
APA
Chicago
ICMJE
MLA
NLM
Banks, D., Petralia, F., & Wang, S. (2011). Adversarial risk analysis: Borel games. Applied Stochastic Models in Business and Industry, 27(2), 72–86. https://doi.org/10.1002/asmb.890
Banks, D., F. Petralia, and S. Wang. “Adversarial risk analysis: Borel games.” Applied Stochastic Models in Business and Industry 27, no. 2 (March 1, 2011): 72–86. https://doi.org/10.1002/asmb.890.
Banks D, Petralia F, Wang S. Adversarial risk analysis: Borel games. Applied Stochastic Models in Business and Industry. 2011 Mar 1;27(2):72–86.
Banks, D., et al. “Adversarial risk analysis: Borel games.” Applied Stochastic Models in Business and Industry, vol. 27, no. 2, Mar. 2011, pp. 72–86. Scopus, doi:10.1002/asmb.890.
Banks D, Petralia F, Wang S. Adversarial risk analysis: Borel games. Applied Stochastic Models in Business and Industry. 2011 Mar 1;27(2):72–86.
Published In
Applied Stochastic Models in Business and Industry
DOI
EISSN
1526-4025
ISSN
1524-1904
Publication Date
March 1, 2011
Volume
27
Issue
2
Start / End Page
72 / 86
Related Subject Headings
- Statistics & Probability
- 4905 Statistics
- 4901 Applied mathematics
- 3502 Banking, finance and investment
- 1502 Banking, Finance and Investment
- 0104 Statistics
- 0102 Applied Mathematics