Game‐theoretic computing in risk analysis
Abstract
Risk analysis, comprising risk assessment and risk management stages, is one of the most popular and challenging topics of our times because security and privacy, and availability and usability culminating at the trustworthiness of cybersystems and cyber information is at stake. The precautionary need derives from the existence of defenders versus adversaries, in an everlasting Darwinian scenario dating back to early human history of warriors fighting for their sustenance to survive. Fast forwarding to today's information warfare, whether in networks or healthcare or national security, the currently dire situation necessitates more than a hand calculator to optimize (maximize gains or minimize losses) risk due to prevailing scarce economic resources. This article reviews the previous works completed on this specialized topic of game‐theoretic computing, its methods and applications toward the purpose of quantitative risk assessment and cost‐optimal management in many diverse disciplines including entire range of informatics‐related topics. Additionally, this review considers certain game‐theoretic topics in depth historically, and those computationally resourceful such as Neumann's two‐way zero‐sum pure equilibrium and optimal mixed strategy solutions versus Nash equilibria with pure and mixed strategies. Computational examples are provided to highlight the significance of game‐theoretic solutions used in risk assessment and management, particularly in reference to cybersystems and information security.WIREs Comput Stat 2012, 4:227–248. doi: 10.1002/wics.1205 This article is categorized under:Algorithms and Computational Methods > Linear Programming Algorithms and Computational Methods > Networks and Security
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Game-theoretic computing is used for quantitative risk assessment in different fields, including information security.
“Indeed, game-theoretic computing is used for quantitative risk assessment in different fields, including information security [22].”
From IoT cyber risk: A holistic analysis of cyber risk assessment frameworks, risk vectors, and risk ranking process (2020) · cites this paper as [22]
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- Authors
- Sahinoglu, M., Cueva‐Parra, L., & Ang, D.
- Affiliations
- Auburn University at Montgomery (US)
- ORCID
- Ang, David
- Venue
- WIREs Computational Statistics
- Publisher
- Wiley
- Published
- 2012-03-15
- Volume
- 4
- Issue
- 3
- Pages
- 227-248
- ISSN
- 1939-0068 (ISSN-L)
- 1939-5108
- OpenAlex
- W1976615099
- Cited by
- 9
- References
- 52
- Citations by year
- 2023: 1 · 2021: 1 · 2020: 1 · 2016: 2 · 2014: 1 · 2013: 2 · 2012: 1
- FWCI
- 3.47
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Wiley Interdisciplinary Reviews Computational Statistics (publishedVersion)
- Topics
- Physical Sciences › Computer Science › Information Systems › Information and Cyber Security
- Social Sciences › Decision Sciences › Management Science and Operations Research › Game Theory and Applications
- Physical Sciences › Computer Science › Computer Networks and Communications › Cybersecurity and Information Systems
- Keywords
- risk analysis, risk assessment, risk management, information security, cyber systems, Nash equilibrium, mixed strategies, zero-sum games, information warfare
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