Why are DoorDash and Uber prices so high? Why share a gold medal? The traveler's dilemma
Game Theory
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The Traveler's Dilemma: Competition and Decision-Making
This chapter explores the Traveler's Dilemma through a hypothetical scenario of two individuals declaring the value of their identical Pokémon cards, illustrating the strategic guessing game that ensues. It examines how behavioral economics and psychological factors influence decision-making in competitive contexts, drawing parallels to real-world situations such as the Olympics.
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