Abstract
How do people distribute defenses over a directed network attack graph, where they must defend a critical node? This question is of interest to computer scientists, information technology and security professionals. Decision-makers are often subject to behavioral biases that cause them to make sub-optimal defense decisions, which can prove especially costly if the critical node is an essential infrastructure. We posit that non-linear probability weighting is one bias that may lead to sub-optimal decision-making in this environment, and provide an experimental test. We find support for this conjecture, and also identify other empirically important forms of biases such as naive diversification and preferences over the spatial timing of the revelation of an overall successful defense. The latter preference is related to the concept of anticipatory feelings induced by the timing of the resolution of uncertainty.
Original language | English |
---|---|
Pages (from-to) | 254-286 |
Number of pages | 33 |
Journal | Experimental Economics |
Volume | 25 |
Issue number | 1 |
DOIs | |
Publication status | Published - Feb 2022 |
Externally published | Yes |
Keywords
- Laboratory experiment
- Naive diversification
- Network security
- Probability weighting