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Re-thinking reputation

Abstract:
Economic models of reputation make strong assumptions about the information available to players. In particular, it is assumed that they know the entire history of the game to date. Such models can seldom reproduce the cycling of reputations we observe in the real world. We build a model of reputation with more realistic assumptions about the partial knowledge of the history that would be available and how it might be used. This new approach can explain cycles in reputations.
Publication status:
Published

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Publisher:
University of Oxford Publisher's website
Series:
Department of Economics Discussion Paper Series
Publication date:
2011-09-01
Paper number:
565
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Pubs id:
1143872
Local pid:
pubs:1143872
Deposit date:
2020-12-15

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