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Perspectives@SMU

Game theory

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Raising The Game: Applying Theory And Analytics To Real-World Threats, Singapore Management University Jan 2013

Raising The Game: Applying Theory And Analytics To Real-World Threats, Singapore Management University

Perspectives@SMU

Safety and security are, on many levels, essential priorities for governments, businesses and individuals. While an increase of defence and security budgets may bring some assurance of peaceful times to come, it seems the world has no lack of insane perpetrators who can still somehow evade, breach, ambush, assail and attack as they please. Enter the “Bayesian Stackelberg Game”, a game theory model that can, and has been applied rather successfully to the allocation of security resources in the United States by Prof Milind Tambe, University of Southern California.