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Free Content Evolutionary Stability in the Traveler's Dilemma

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Abstract:

The traveler's dilemma is a generalization of the prisoner's dilemma which shows clearly a paradox of game theory. In the traveler's dilemma, the strategy chosen by analysis and theory seems obviously wrong intuitively. Here we develop a measure of evolutionary stability and show that the evolutionarily stable equilibrium is in some sense not very stable.

Understanding evolutionary stability on a continuum instead of as a yes-or-no definition helps to explain and partially resolve the paradox in the traveler's dilemma.

Document Type: Research Article

DOI: http://dx.doi.org/10.4169/193113409X469686

Publication date: January 1, 2009

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