JSM 2004 Online Program

Abstract #301931

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Activity Number:	247
Type:	Luncheons
Date/Time:	Tuesday, August 10, 2004 : 12:30 PM to 1:50 PM
Sponsor:	Section on Statistics in Defense and National Security
Abstract - #301931
Title:	Game Theory and Risk Analysis in Counterterrorism - SOLD OUT
Author(s):	David Banks*+
Companies:	Duke University
Address:	ISDS Box 90251, Durham, NC, 27708,
Keywords:	game theory ; risk analysis ; counterterrorism ; portfolio theory
Abstract:	The federal government is making massive investments in security infrastructure. These investments imply a cost-benefit analysis of risk that is coupled with some kind of game-theoretic examination of the possible actions that may be taken by terrorists. This luncheon will discuss various issues in making bothstatistical risk analysis and strategic game theory more realistic in the context of the kinds of attacks for which the country is preparing. Some of the topics will include extensions of risk analysis to address adversarial attack, applications of portfolio theory, and the deficiencies of classical game theory.

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