Statistics Seminar
| Date/Time: | Wednesday, 22 May 2013 from 4:00 pm to 5:00 pm |
|---|---|
| Location: | Snedecor 3105 |
| Cost: | Free |
| URL: | www.stat.iastate.edu |
| Contact: | Statistics Department |
| Phone: | 515-294-3440 |
| Channel: | College of Liberal Arts and Sciences |
| Actions: | Download iCal/vCal | Email Reminder |
Adversarial risk analysis is a decision-analytic approach to strategic games. It builds a Bayesian model for the solution concept, goals, and resources of the opponent, and the analyst can then make the choice that maximizes expected utility against that model. Adversarial risk analysis operationalizes the perspective in Kadane and Larkey (1982), and it often enables the analyst to incorporate empirical data from behavioral game theory. The methodology is illustrated in the context of Le Relance, a routing game, and auctions.