The Travelers Dilemma
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The Travelers Dilemma
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Author : Caden Carruthers
language : en
Publisher:
Release Date : 2021-07-12
The Travelers Dilemma written by Caden Carruthers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-12 with Fiction categories.
When a routine mission goes awry, a team of expert time travel detectives must go back to the 1800's to solve an unsolvable mystery. Will this team of scientists, survivalists, engineers, strategists, and more be able to fix their time machine, solve the Prince's Peril, and save their friend?
An Analysis Of The Traveler S Dilemma With Experimental Evidence
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Author : Eduard A. Pelz
language : en
Publisher:
Release Date : 1999
An Analysis Of The Traveler S Dilemma With Experimental Evidence written by Eduard A. Pelz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Game theory categories.
Game theory studies how people should respond in strategic situations and is naturally used for predictive purposes. The optimal strategy predictions yielded by game theoretic reasoning can be surprising when they conflict with preconceived notions of how to play, i.e. the "common sense" strategy. Consequently, the game theoretically optimal strategy may be a poor predictor of how individuals actually behave in real-life strategic situations. In order to accurately model such situations for predictive purposes it is important to know the limitations of the current game theoretic tools. In the traveler's dilemma, Kaushik Basu presents a parable to illustrate how game theoretic reasoning and intuition can be at odds. The parable is as follows: Two travelers are returning home from a vacation where they purchased identical souvenirs. These souvenirs are, of course, routinely destroyed by the airline. The souvenirs were purchased with cash in an open-air market and as a result the travelers do not have receipts. The airline official in charge of damage claims wants to compensate the travelers fairly but has no way of determining the actual purchase price of the souvenirs. In an attempt to avoid spurious claims the official proposes a method to determine the amount awarded. Each traveler must submit a claim that lies between a known minimum and maximum. (The minimum bound can be thought of as that level of claim below which the airline never disputes for cost reasons and the maximum bound can be thought of as the most the airline's insurance company would pay absent a special policy). If the claims submitted are equal then both receive the amount claimed. However, if traveler 1 submits a lower claim than traveler 2, traveler 1 is considered "honest" and receives the lower claim plus a reward for honesty (ideally in frequent flyer miles thereby ensuring that the airline will have an opportunity to destroy those items which it missed on the first pass). Traveler 2 also receives the lower claim but in addition a symmetric penalty for "lying" is levied. Travelers report their claims simultaneously i.e., without knowledge of the other traveler's claim. This ensures that simple, collusive agreements cannot be reached because any such agreement involves a non-credible promise (the rewards are structured such that there it is never in a rational player's best interest to play as he agreed). Game theoretic analysis suggests that two rational players will report the minimum claim. Moreover, this result is a direct consequence of both players attempting to maximize their individual payoff. Adoption of this strategy does not, on the face of it, appear to be the best strategy because both players can clearly improve their payoff simply by submitting random large claims.
Traveler S Dilemma
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Author : Sreenidhi Hassan
language : en
Publisher:
Release Date : 2014
Traveler S Dilemma written by Sreenidhi Hassan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
“A crow,” it has been said, “shouts danger, on seeing a meal, to ward off its fellas”. However, it fails every time. Perhaps, suspicion is hardwired into their minds. A behavior to suspect altruism of a fellow crow earns them a meal. Traveler's Dilemma, a simple game designed by Kaushik Basu (1994), is one problem that baffles Economists for repeatedly resulting in “non-rational” choices. In spite of sufficient proofs supporting the existence of a Nash Equilibrium (and hence a rational choice), practical experiments and empirical research shows that (time and again), people (even game theorists) choose to make non-rational choices and consistently obtain better payoffs than had they opted for the rational choice. In his article (Basu 2007), Basu tries to attribute these outcomes to behaviors like altruism, socialization and faulty reasoning. This paper revisits the problem in an attempt to force the travelers to the Nash Equilibrium and hence choose the rational option.
The Traveler Dilemma And Its Backward Induction Argument
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Author :
language : en
Publisher:
Release Date : 2007
The Traveler Dilemma And Its Backward Induction Argument written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
February 2008.
A Time Traveler S Dilemma
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Author : Ann M Jackson
language : en
Publisher: Independently Published
Release Date : 2023-09-25
A Time Traveler S Dilemma written by Ann M Jackson and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-25 with categories.
"A brilliant physicist who had always been fascinated by the concept of time travel"
The Effects Of Common Advice On One Shot Travelers Dilemma Games
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Author : Susana Cabrera
language : es
Publisher:
Release Date : 2003
The Effects Of Common Advice On One Shot Travelers Dilemma Games written by Susana Cabrera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Behavioral Game Theory
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Author : Colin Camerer
language : en
Publisher: Princeton University Press
Release Date : 2003-03-17
Behavioral Game Theory written by Colin Camerer and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-03-17 with Business & Economics categories.
Publisher Description
Circuit Breaking
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Author : Robert Youdin
language : en
Publisher: Oxford University Press
Release Date : 2024
Circuit Breaking written by Robert Youdin and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024 with Medical categories.
Circuit Breaking presents a comprehensive guide for clinicians to help people eliminate their substance abuse problems. Readers will learn that substance abuse is not caused by a disease, but is the consequence of their brains being chronically exposed to psychoactive substances that over time create brain circuits that drive compulsive substance abuse.
Game Theory
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Author : Aviad Heifetz
language : en
Publisher: Cambridge University Press
Release Date : 2012-05-31
Game Theory written by Aviad Heifetz and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-31 with Business & Economics categories.
A guide to the fundamentals of game theory for undergraduates and MBA students.
Knowledge Science Engineering And Management
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Author : Mingzheng Wang
language : en
Publisher: Springer
Release Date : 2013-07-03
Knowledge Science Engineering And Management written by Mingzheng Wang and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-03 with Computers categories.
This book constitutes the refereed proceedings of the 6 th International Conference on Knowledge Science, Engineering and Management, KSEM 2013, held in Dalian City, China, in August 2013. The 50 revised papers (33 regular papers, 18 short papers, and keynote and invited talks) were carefully reviewed and selected from various submissions.