Traveler's dilemma
id:
traveler-s-dilemma-302-134242
title:
Traveler's dilemma
text:
In game theory, the traveler's dilemma is a non-zero-sum game in which each player proposes a payoff. The lower of the two proposals wins; the lowball player receives the lowball payoff plus a small bonus, and the highball player receives the same lowball payoff, minus a small penalty. Surprisingly, the Nash equilibrium is for both players to aggressively lowball. The traveler's dilemma is notable in that naive play appears to outperform the Nash equilibrium; this apparent paradox also appears i
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Traveler%27s_dilemma
date created:
date modified:
2023-10-18T21:58:57Z
main entity:
{"identifier":"Q1518456","url":"https://www.wikidata.org/entity/Q1518456"}
image:
fields total:
13
integrity:
13