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In our study we focus on the determinants of reputation and, in particular, on the relation between the quality of annual report disclosures of companies and their reputation. We try to bring together two strands of literature: the literature on corporate reputation and the literature on...
Persistent link: https://www.econbiz.de/10005515800
This paper is a note on how Information Theory and Codification Theory are helpful in the computational design both of communication protocols and strategy sets in the framework of finitely repeated games played by boundedly rational agents. More precisely, we show the usefulness of both...
Persistent link: https://www.econbiz.de/10005731205
achieve the Folk Theorem payoffs, i.e., which are the maximum bounds on automata complexity which yield cooperative behavior … complexity of the finite automata and the entropy associated to the underlying coordination process. The equilibrium play … designed by tools of Information Theory. Moreover, the characterization of this set is given by the complexity of the weaker …
Persistent link: https://www.econbiz.de/10005731211
with automata complexity lying between the ones already offered in the literature. …
Persistent link: https://www.econbiz.de/10005731230
Let µ be a rational distribution over a finite alphabet, and ( ) be a n-periodic sequences which first n elements are drawn i.i.d. according to µ. We consider automata of bounded size that input and output at stage t. We prove the existence of a constant C such that, whenever , with...
Persistent link: https://www.econbiz.de/10005731250