Adversarial Risk Analysis: Games and Auctions

Event Details
  • Date/Time:
    • Thursday February 11, 2010
      11:00 am - 12:00 pm
  • Location: ISyE Executive classroom
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Summaries

Summary Sentence: Adversarial Risk Analysis: Games and Auctions

Full Summary: Adversarial Risk Analysis: Games and Auctions

TITLE: Adversarial Risk Analysis:  Games and Auctions

SPEAKER: David Banks

ABSTRACT:

Classical game theory has been an unreasonable description for human behavior, and traditional analyses make strong assumptions about common knowledge and fixed payoffs.  Classical risk analysis has assumed that the opponent is non-adversarial (i.e., "Nature") and thus is inapplicable to many situations.  This work explores Bayesian approaches to adversarial risk analysis, in which each opponent must model the decision process of the other, but there is the opportunity to use human judgment and subjective distributions.  The approach is illustrated in the analysis of two important applications:  sealed bid auctions and simple poker; some related work on counterbioterrorism is also covered.  The results in these three applications are interestingly different from those found in previous work.

Additional Information

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Groups

H. Milton Stewart School of Industrial and Systems Engineering (ISYE)

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Categories
Seminar/Lecture/Colloquium
Keywords
classical
Status
  • Created By: Anita Race
  • Workflow Status: Published
  • Created On: Feb 3, 2010 - 7:20am
  • Last Updated: Oct 7, 2016 - 9:49pm