Wednesday, February 13, 2013

My Sorry dissertation as an SMBC comic


The economics of apologies. Actually the comic is more a reflection of Aaker Fournier and Brasel (2004) who actually did this experiment by creating an online photo company, and then losing people's pictures. My model and experiments (2012) suggests that this is an out of equilibrium outcome. as mistakes can never generate a net benefit if players have rational expectations.
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