Title : Traveler’s dilemma : how the value of the luggage influences behavior
Author(s) : Gisèle Umbhauer
Abstract : We go into classroom experiments on the Traveler’ Dilemma in order to show the impact of the common knowledge of the value of the luggage. This value becomes a focal point that canalizes the behavior of the students. This leads us to commenting on the impact of such focal points both on the reasoning of the players and on the structure of the game. We construct a new game which models this impact and we study its Nash equilibrium.
Key-words : traveler’s dilemma, Nash equilibrium, focal point, classroom experiment, fairness, honesty.
JEL Classification : C72