Question

How would you explain game theory as it is applied to security to someone outside of the discipline or profession?

Answer 1

How would you explain game theory as it is applied to security to someone outside of the discipline or profession?

Game theory as defined is a branch of applied mathematics that studies strategic situations where players choose different actions in an attempt to maximize their returns.

To put it in simple terms, the Game theory is applied when there are multiple people who interact with each other in an environment made for behavior studies. It could be a situation where each player wants to maximize their profits and therefore resorts to certain decisions. The analysis of these decisions constitutes the game theory.

The logical decisions made by the players within the confines of the game is game theory. It requires information about the players, strategies and the outcomes of the strategies applied. Game theory helps to keep track of the human decision thereby predicting the risks associated with the decisions. This helps amp up security and create a sustainable atmosphere when there is player interaction involved. It provides insight into the level of rationality that players will exhibit when taking decisions in the game space.

It is important for security to be in place even if there are regulations and standards in place. There has to be a set rule which will be enforced irrespective of how the players interact, that is where game theory comes into play.