Playing nice – Trust and reputation in Game Theory, eCommerce and vaccinations | with Steve Tadelis
Game Changer - the game theory podcast
00:00
The New Reputation Score Is More Accurate as a Measure of Quality
ebe was getting almost ten million new buyers in a given year. We took a one million sample and still gave us over 15 million transactions. And we found that when a buyer interacted with a seller that has a higher effective reputation score, they are more likely to return to ebe. But there could be a very interesting reverse causalitor or selection problem as follows. What if you come to ebe with the belief that ebe is not a great place to buy stuff from, but it's the only place where you could find this unique item? Well, you have no intention to come back to ebe again, but you deftly don't want to get screwed.
Transcript
Play full episode
