Risk Management

Stefan Rass, Stefan Schauer, Sandra König, Quanyan Zhu

Research output: Chapter in Book/Report/Conference proceedingChapter


This chapter embeds game theoretic techniques and models inside the ISO31000 risk management process, as a generic template for the general duty of risk control. We observe similarities between risk management processes and extensive form games, accompanied by the possibility of using game-theoretic algorithms and methods in various steps of a risk management process. Examples include decision making for risk prioritization, choice of best risk mitigation actions or optimal resource allocation for security. To this end, we discuss a variety of systematic methods for adversarial risk analysis (ARA), resilience management (in relation to risk management), level-k thinking, and the assessment of action spaces and utilities for games.

Original languageEnglish (US)
Title of host publicationAdvanced Sciences and Technologies for Security Applications
Number of pages19
StatePublished - 2020

Publication series

NameAdvanced Sciences and Technologies for Security Applications
ISSN (Print)1613-5113
ISSN (Electronic)2363-9466

ASJC Scopus subject areas

  • Safety, Risk, Reliability and Quality
  • Safety Research
  • Political Science and International Relations
  • Computer Science Applications
  • Computer Networks and Communications
  • Health, Toxicology and Mutagenesis


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