Fooling some of the people some of the time: reputation management and optimal betrayal
A rational long lived player plays against a series of short lived players who use a variant of the Adaptive Play behavioral rule. In equilibrium, under certain conditions, there will be a cut-off level of reputation. If their reputation is below the cut-off, they will build their reputation, and co...
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| Format: | Working paper |
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University of Oxford
2015
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