Publications [#288974] of David L. Banks
Papers Published
- Banks, D; Petralia, F; Wang, S. "Adversarial risk analysis: Borel games." Applied Stochastic Models in Business and Industry 27.2 (March, 2011): 72-86. [doi]
(last updated on 2026/01/18)Abstract:
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.