Abstract A patient seller interacts with a sequence of myopic consumers. Each period, the seller chooses the quality of his product, and a consumer decides whether to trust the seller after she observes the seller’s actions in the last $$K$$ periods (limited memory) and at least one previous consumer’s action (observational learning). However, the consumer cannot observe the seller’s action in the current period. With positive probability, the seller is a commitment type who plays his Stackelberg action in every period. I show that under limited memory and observational learning, consumers are concerned that the seller will not play his Stackelberg action when he has a positive reputation and will play his Stackelberg action after he has lost his reputation. Such a concern leads to equilibria where the seller receives a low payoff from building a reputation. I also show that my reputation failure result hinges on consumers’ observational learning.
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Play in higher education
Diverse group of professors will discuss current projects concerning play in higher education, inviting audience participation. Panelists represent various theoretical backgrounds and play discourses; and they will be asked by the moderator to describe current work and to explain the rationales. Core values and commitments will emerge, and directions for future endeavors.
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- Award ID(s):
- 1906059
- PAR ID:
- 10178441
- Date Published:
- Journal Name:
- Annual Meeting of the Association for the Study of Play
- Format(s):
- Medium: X
- Sponsoring Org:
- National Science Foundation
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