Traveler’s dilemma: how the value of the luggage influences behavior

Gisèle Umbhauer

Working Papers of BETA from Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg

Abstract: We go into classroom experiments on the Traveler’ Dilemma in order to show the impact of the common knowledge of the value of the luggage. This value becomes a focal point that canalizes the behavior of the students. This leads us to commenting on the impact of such focal points both on the reasoning of the players and on the structure of the game. We construct a new game which models this impact and we study its Nash equilibrium.

Keywords: traveler’s dilemma; Nash equilibrium; focal point; classroom experiment; fairness; honesty.. (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-bec, nep-exp and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ulp:sbbeta:2019-13

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