Uncertainty in the Traveler's Dilemma

Gilad Bavly

Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem

Abstract: The paper analyzes a perturbation on the players’ knowledge of the game in the traveler’s dilemma, by introducing some uncertainty about the range of admissible actions. The ratio between changes in the outcomes and the size of perturbation is shown to grow exponentially in the range of the given game. This is consistent with the intuition that a wider range makes the outcome of the traveler’s dilemma more paradoxical. We compare this with the growth of the elasticity index (Bavly (2011)) of this game.

Pages: 11 pages
Date: 2012-01-10
New Economics Papers: this item is included in nep-hpe and nep-mic
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Journal Article: Uncertainty in the traveler’s dilemma (2017)
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