Adversarial risk analysis (ARA) provides decision-theoretic arguments to manage uncertainty in competitive decision-making environments. This paper introduces efficient algorithmic approaches to approximate ARA solutions in multi-stage games, covering both sequential and simultaneous settings, through augmented probability simulation. Two examples concerning international piracy and air combat illustrate the proposed methodology.

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Algorithmic Decision Analysis for Multi-stage Games with Incomplete Information

  • J. M. Camacho,
  • Roi Naveiro,
  • David Ríos Insua

摘要

Adversarial risk analysis (ARA) provides decision-theoretic arguments to manage uncertainty in competitive decision-making environments. This paper introduces efficient algorithmic approaches to approximate ARA solutions in multi-stage games, covering both sequential and simultaneous settings, through augmented probability simulation. Two examples concerning international piracy and air combat illustrate the proposed methodology.