EconPapers    
Economics at your fingertips  
 

The role of risk preferences in a multi-target defender-attacker resource allocation game

Jing Zhang, Jun Zhuang () and Victor Richmond R. Jose

Reliability Engineering and System Safety, 2018, vol. 169, issue C, 95-104

Abstract: This paper studies a sequential defender-attacker game, where the defender allocates defensive resources to multiple potential targets while considering the risk preferences of both attacker and defender. We model and obtain analytical equilibrium results for this problem and study how risk preferences affect a player’s behavior in equilibrium. We find that in the strategic case, when both the attacker and the defender have some target valuation, the strategic attacker’s risk preferences and target valuation affect the optimal defense allocation. In particular, when the attacker becomes more risk seeking/averse, the high valuable target to the attacker would receive more/less resources. The proposed model leads to a significantly lower expected damage than a model where the attacker is incorrectly considered risk neutral, especially when the attacker is risk seeking.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0951832017301588
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:169:y:2018:i:c:p:95-104

Access Statistics for this article

Reliability Engineering and System Safety is currently edited by Carlos Guedes Soares

More articles in Reliability Engineering and System Safety from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-07-03
Handle: RePEc:eee:reensy:v:169:y:2018:i:c:p:95-104