Bounded memory and permanent reputations

B-Tier
Journal: Journal of Mathematical Economics
Year: 2013
Volume: 49
Issue: 5
Pages: 345-354

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A recent result in repeated incomplete information games is that after an arbitrarily long history, any equilibrium of the continuation game must be an equilibrium of the complete information game. This result implies that reputation is a short-run phenomenon. We study a particular class of reputation games and show that bounded memory may lead to permanent reputations. In fact, for a particular range of parameters, a bounded memory player may never be able to learn anything at all.

Technical Details

RePEc Handle
repec:eee:mateco:v:49:y:2013:i:5:p:345-354
Journal Field
Theory
Author Count
1
Added to Database
2026-01-26