Traveler's dilemma
Dilema del viajero
- Date
- 1994 · confidence high
- Place
- Ithaca, New York, United States
- Credited to
- Kaushik Basu
- Field
- Knowledge & symbols
What was discovered
A non-cooperative game devised by Kaushik Basu in which two players propose a payoff and the lower one wins, showing that playing the Nash equilibrium (both lowballing) can perform worse than more cooperative strategies.
What it led to
- Experimental studies of deviations from the Nash equilibrium
- Comparisons with the iterated prisoner's dilemma and the centipede game
- Contributions to behavioral game theory