A Cooperative Game Theoretical Approach to Risk Analysis, Using Network Structure

The principal aim of this paper is to introduce the framework for a cooperative game theoretical approach to risk analysis using network structure. Probabilistic risk analysis (PRA) is a common methodology for evaluating risks associated with real-world network structure. Although there are numerous...

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Bibliographic Details
Published in:Journal of risk analysis and crisis response 2014, Vol.4 (1), p.43
Main Authors: Takeshita, Jun-ichi, Mohri, Hiroaki
Format: Article
Language:English
Subjects:
cooperative game
game theory
network structure
risk management
Shapley value
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Summary:The principal aim of this paper is to introduce the framework for a cooperative game theoretical approach to risk analysis using network structure. Probabilistic risk analysis (PRA) is a common methodology for evaluating risks associated with real-world network structure. Although there are numerous studies on PRA from a physical engineering perspective, Hausken (2002) noted that human behavior is a significant factor in estimating risk using PRA, and he integrated PRA and game theory. While his and related works focused on non-cooperative game theory, in some situations, such as chemical plants, cooperative structures are the norm. Therefore, we here provide a risk analysis method based on cooperative game theory, and especially so-called Shapley values.
ISSN:2210-8505
2210-8505
DOI:10.2991/jrarc.2014.4.1.5