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When person A makes an offer to person B and B rejects it, then A may lose face. This loss of face is assumed to occur only if B knows for sure of A's offer. While under some circumstances loss of face can be rationalized by the consequences for future reputation, it may also enter directly into...
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When person A makes an offer to person B and B rejects it, then A may "lose face". This loss of face is assumed to occur only if B knows for sure of A's offer. While under some circumstances loss of face can be rationalized by the consequences for future reputation, it may also enter directly...
Persistent link: https://www.econbiz.de/10008688471
When person A takes an action that can be interpreted as “making an offer” to person B and B “rejects the offer,” then A may “lose face.” This loss of face (LoF) and consequent disutility will occur only if these actions are common knowledge to A and B. While under some circumstances...
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