Reputation with Analogical Reasoning∗

@inproceedings{Jehiel2011ReputationWA,
  title={Reputation with Analogical Reasoning∗},
  author={Philippe Jehiel and Larry Samuelson},
  year={2011}
}
We consider a repeated interaction between a long-run player and a sequence of short-run players, in which the long-run player may either be rational or may be a mechanical type who plays the same (possibly mixed) action in every stage game. We depart from the classic model, exemplified by Fudenberg and Levine [4, 5], in assuming that the short-run players make inferences by analogical reasoning, meaning that they correctly identify the average strategy of each type of long-run player, but do… CONTINUE READING

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