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Reputation Pays: Game Theory as a Tool for Analyzing Political Profit from Credibility *
Author(s) -
Salonen Hannu,
Wiberg Matti
Publication year - 1987
Publication title -
scandinavian political studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.65
H-Index - 41
eISSN - 1467-9477
pISSN - 0080-6757
DOI - 10.1111/j.1467-9477.1987.tb00065.x
Subject(s) - reputation , credibility , politics , profit (economics) , game theory , complete information , microeconomics , positive economics , economics , political science , law
The article provides a general account of information problems in politics and games, and an analytical exploration of reputation effects in politics in terms of game theory. It is shown. by three game theoretical examples, that reputation effects may in some circumstances lie of essential importance in determining optimal choices.