A top airline company reportedly compensated a top game theorist with $2 for his lost luggage based on the famous Traveller’s Dilemma formulated by Kaushik Basu.
“We just assumed that he would be rational so instead of going through the motions of telling him that another traveller has lost an identical item and that we would pay $2 extra to the passenger who claims a lower value, we just directly skipped to the Nash equilibrium outcome. Our corporate motto is to anticipate customer expectations and fulfil them and I think we have lived up to our reputation,” said an airline official on condition of anonymity.
The elated passenger commended the airline for its farsightedness and excellent grasp of rationality and game theory. “The ideal world is within reach now,” he declared.
Airlines are queuing up to offer exclusive services to game theorists and rational economic persons.
“We just assumed that he would be rational so instead of going through the motions of telling him that another traveller has lost an identical item and that we would pay $2 extra to the passenger who claims a lower value, we just directly skipped to the Nash equilibrium outcome. Our corporate motto is to anticipate customer expectations and fulfil them and I think we have lived up to our reputation,” said an airline official on condition of anonymity.
The elated passenger commended the airline for its farsightedness and excellent grasp of rationality and game theory. “The ideal world is within reach now,” he declared.
Airlines are queuing up to offer exclusive services to game theorists and rational economic persons.
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