International Society for Business and Industrial Statistics (ISBIS) invite you all to attend next February 3, 2026, from 17:00 CET to 18:30 CET the webinar on

Adversarial Risk Analysis

given by

Prof. David Banks from Duke University (USA)

Abstract: Adversarial Risk Analysis (ARA) is a decision-theoretic alternative to game theory, applicable to corporate competition, auctions, and counterterrorism.  In ARA, one builds a model for the strategic decision making of one’s opponent(s), and then places subjective Bayesian distributions over unknown quantities.  This structure enables the analyst to compartmentalize distinct kinds of uncertainty.  Within this framework one can use standard Bayesian techniques to develop a probability distribution over the actions of the opponent.  Given this distribution, the decision theorist chooses the action that maximizes expected utility.

To register your free seat at this event, please go to the webinar’s page provided by ISI and ISBIS (link below).