We model dynamic deception exercises in Ponzi schemes, war, terrorism, industrial/political espionage, and insider trading. We introduce a new class of competitive continuous time games with an informed player having an unbounded action intensity, whose actions are partially observed by a rival, or sequence of rivals. We find extremely strong square-root logarithm decreasing returns to deceptio...

Abstract Intelligence scholars are drawing on behavioural decision theory to improve decision-making under risk and uncertainty in intelligence counterintelligence. Such an undertaking is essentially lacking without the Austrian school’s concepts of knowledge, discovery, (entrepreneurial) judgement, ignorance, rational calculation and, more generally, its analysis human action face true uncerta...

INTRODUCTION ..................................................................................... 306 I. ATTACKS ON TERRORIST WEBSITES .......................................... 307 A. Palestinian Islamic Jihad (PIJ) .......................................... 308 B. Al Qaeda ............................................................................. 309 II. WIKILEAKS ...........................