Bad reputation under bounded and fading memory, working papers 1527, tulane university, department of economics. However, one can obtain nontrivial results against memoryrestricted adversaries. Bounded memory and permanent reputations, journal of mathematical economics, elsevier, vol. We study a particular class of reputation games and show that bounded memory may lead to permanent reputations. A twosided reputation result with long run players. A memory bound function accesses locations in a large region of memory in an unpredictable way, in such a way that using caches are not effective. This result implies that reputation is a shortrun phenomenon. Having a permanent record of norm violations is upping the sanction to a whole. Bounded memory, reputation, and impatience ideasrepec. In fact, for a particular range of parameters, a bounded memory player may never be able to learn anything at all. Amemorybasedmodelofboundedrationality sendhilmullainathan september20,2000 abstract howdomemorylimitationsaffecteconomicbehavior. Jme journal of mathematical economics vol 49, issue 5. Were going to kill the bitch, was one choice missive. I am bound to everyone on this planet by a trail of six people.
Request pdf bounded memory and permanent reputations a recent result in reputation games is that after an arbitrarily long history, any equilibrium of the continuation game must be an. The task the players have to solve is much more complicated with these constraints than without them. Bounded memory also arises under policies used by internet platforms to. They are purifiable using unbounded memory strategies. Committee on production guidelines for book longevity of the council on li. The new egalitarian approach is to rely on memory bound functions. This book provides a more introductory, textbooklike treatment of the subject. The infinite constant stream of 1 utils has a value of 1. The book will be useful to those doing basic research in the theory of. Bound is, in its purest essence, a simple platformer. Buy bound and numbered book 3rd by bernard allen isbn.
Bounded memory and incomplete information ideasrepec. Bounded memory and biases in information processing, econometrica, vol 82 no. Repeated games and reputations university of pennsylvania. Bounded memory and permanent reputations request pdf. Dynamic strategic information transmission joint with mike golosov, vasiliki skreta, aleh tsyvinski, journal of economic theory, vol 151 2014, pp 304. As stated before, a memory bound function is a function whose computation time is dominated by the time spent accessing memory. Reputation models typically assume players have full memory, yet in many applications this does not hold. The paper by aumann and sorin is a remarkable piece of work but it is not a contribution to the theory of bounded rationality. This paper studies incomplete information games where players observe only a summary statistic of the history, including reputation games as a special case.
Impermanent types and permanent reputations joint with mehmet ekmekci. A twosided reputation result with long run players article in journal of economic theory 1481 january 20 with 9 reads how we measure reads. The book will be useful to those doing basic research in the theory of repeated games and reputations. Impermanent types and permanent reputations request pdf.
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