Uncertainty in the Traveler's Dilemma
AbstractThe 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.
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Bibliographic InfoPaper provided by The Center for the Study of Rationality, Hebrew University, Jerusalem in its series Discussion Paper Series with number dp595.
Length: 11 pages
Date of creation: 10 Jan 2012
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-18 (All new papers)
- NEP-HPE-2012-01-18 (History & Philosophy of Economics)
- NEP-MIC-2012-01-18 (Microeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gilad Bavly, 2011. "Elasticity of Games," Discussion Paper Series dp592, The Center for the Study of Rationality, Hebrew University, Jerusalem.
- Abraham Neyman, 1999. "Cooperation in Repeated Games when the Number of Stages is Not Commonly Known," Econometrica, Econometric Society, vol. 67(1), pages 45-64, January.
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