Uncertainty in the traveler’s dilemma
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DOI: 10.1007/s00182-015-0508-4
Abstract: We quantify the sensitivity of the traveler’s dilemma (Basu, Am Econ Rev 84:391–395, 1994) to perturbations from common knowledge. The perturbations entail a small uncertainty about the set of admissible actions. We show that the… read more here.
Keywords: traveler dilemma; uncertainty traveler; dilemma;