{"product_id":"adversarial-risk-analysis-david-l-banks-9781032098494","title":"Adversarial Risk Analysis","description":"\u003cp\u003e\u003cstrong\u003eWinner of the 2017 De Groot Prize awarded by the International Society for Bayesian Analysis (ISBA)\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eA relatively new area of research, adversarial risk analysis (ARA) informs decision making when there are intelligent opponents and uncertain outcomes. \u003cstrong\u003eAdversarial Risk Analysis\u003c\/strong\u003e develops methods for allocating defensive or offensive resources against intelligent adversaries. Many examples throughout illustrate the application of the ARA approach to a variety of games and strategic situations.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cli\u003eFocuses on the recent subfield of decision analysis, ARA \u003c\/li\u003e\u003cp\u003e\u003c\/p\u003e\u003cli\u003eCompares ideas from decision theory and game theory\u003c\/li\u003e\u003cp\u003e\u003c\/p\u003e\u003cli\u003eUses multi-agent influence diagrams (MAIDs) throughout to help readers visualize complex information structures\u003c\/li\u003e\u003cp\u003e\u003c\/p\u003e\u003cli\u003eApplies the ARA approach to simultaneous games, auctions, sequential games, and defend-attack games\u003c\/li\u003e\u003cp\u003e\u003c\/p\u003e\u003cli\u003eContains an extended case study based on a real application in railway security, which provides a blueprint for how to perform ARA in similar security situations \u003c\/li\u003e\u003cp\u003e\u003c\/p\u003e\u003cli\u003eIncludes exercises at the end of most chapters, with selected solutions at the back of the book\u003c\/li\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe 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. This new approach to risk analysis asserts that analysts should use Bayesian thinking to describe their beliefs about an opponent's goals, resources, optimism, and type of strategic calculation, such as minimax and level-k thinking. Within that framework, analysts then solve the problem from the perspective of the opponent while placing subjective probability distributions on all unknown quantities. This produces a distribution over the actions of the opponent and enables analysts to maximize their expected utilities.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e David L. Banks,Jesus M. Rios Aliaga,David Rios Insua\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 103209849X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781032098494\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e CRC Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/30\/2021\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 224\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.90lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.10w x 0.60d","brand":"David L. Banks","offers":[{"title":"Paperback","offer_id":48443896463615,"sku":"9781032098494","price":67.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_7fe5d5b0-4eba-41e9-ad69-94a1b6dfb9d7.jpg?v=1777208609","url":"https:\/\/www.whiterainbookhouse.com\/products\/adversarial-risk-analysis-david-l-banks-9781032098494","provider":"WR Book House","version":"1.0","type":"link"}