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An experimental analysis of risk effects in attacker‐defender games.

This paper reports results of two‐person games in which a defender chooses between high and low alert states, and an attacker chooses whether to attack or wait. Low alerts and attacks are risky because successful attacks are costly for the defender and failed attacks are costly for the attacker. The...

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Published in:Southern Economic Journal Vol. 89; no. 1; pp. 185 - 216
Main Authors: Holt, Charles A., Sahu, Ricky, Smith, Angela M.
Format: Article
Published: Wiley-Blackwell Jul2022
Subjects:
Risk aversion
Games
Risk assessment
Nash equilibrium
Probability theory
Online Access:View this record in EBSCOhost