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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 real application in railway security provides a blueprint for how to perform ARA in similar security situations. In addition, multi-agent influence diagrams help readers visualize complex information structures.

Produktbeschreibung
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 real application in railway security provides a blueprint for how to perform ARA in similar security situations. In addition, multi-agent influence diagrams help readers visualize complex information structures.
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Autorenporträt
David L. Banks is a professor in the Department of Statistical Science at Duke University. His research interests include data mining and risk analysis. Jesus Rios is a researcher in risk and decision analytics for the Cognitive Computing Department at the IBM Research Division. His research focuses on applying risk and decision analysis to solve complex business problems. David Ríos Insua is the AXA-ICMAT Chair in Adversarial Risk Analysis at the Institute of Mathematical Sciences ICMAT-CSIC and a member of the Spanish Royal Academy of Sciences. His research interests include risk analysis, decision analysis, Bayesian statistics, security, aviation safety, and social robotics.