Cyber-Risk Informatics

5GAME-THEORETIC COMPUTING IN CYBER-RISK

LEARNING OBJECTIVES

• Describe the concept of game-theoretic computing with its advantages and disadvantages and its relevance to cyber-risk informatics, engineering, and science.
• Explore the innovative and newly popular theme of game-theoretic risk computing applications in the cyber-security risk management, citing challenges and advantages.
• Study a cross section of game-theoretic implementation to a variety of disciplines.
• Examine cost and benefit scenarios with multidisciplinary-themed risk assessment and management for engineering, business, cyber-security, ecology, healthcare, and others.

5.1 HISTORICAL PERSPECTIVE TO GAME THEORY’S ORIGINS

According to Shubik, the disciplines most heavily involved in the utilization of game theory have been management science and operations research, psychology, education, political science, sociology, engineering, computer science, economics, and the military [1]. The usage of game-theoretic risk computing is steadily increasing in the world of cyber-risk informatics. It is a critical topic because security and privacy, as well as availability and usability, determine the trustworthiness of cybersystems and cyber information.

The origins of game theory, which is the mathematical study of conflict situations as a science of rational conflict, are well known [2]. It was, for all intents and purposes, reborn in 1944 as an established field with the publication of a pioneering book, Theory ...