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Allocating Security Expenditures under Knightian Uncertainty: an Info-Gap Approach
Dr. Michael Ben-Gad; Prof. Yakov Ben-Haim; Prof. Dan Peled
发表日期2007-02
出版年2007
语种英语
摘要In this paper we demonstrate a methodology aimed at coping with resource allocation under Knightian (non-probabilistic) uncertainty by focusing on the example of competing security measures. The results of this application to security resource allocation also allow us to postulate a possible positivist explanation for the way governments are allocating these expenditures today. We explore the determination of the level and nature of government expenditures that affect security in different ways, and demonstrate that it is better to robust- satisfice the citizen's expected utility rather than to attempt to maximize it. Moreover, our analysis highlights one rationale for heightened spending on one set of defense measures, when there is less reliable information about threats to national security and their consequences.

URLhttps://www.neaman.org.il/EN/Allocating-Security-Expenditures-Knightian-Uncertainty-Info-Gap-Approach
来源智库Science and Technology Policy Institute (Republic of Korea)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/472078
推荐引用方式
GB/T 7714
Dr. Michael Ben-Gad,Prof. Yakov Ben-Haim,Prof. Dan Peled. Allocating Security Expenditures under Knightian Uncertainty: an Info-Gap Approach. 2007.
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