Drew Fudenberg

Massachusetts Institute of Technology (MIT)

77 Massachusetts Avenue

50 Memorial Drive

Cambridge, MA 02139-4307

United States

  • Massachusetts Institute of Technology (MIT)

SCHOLARLY PAPERS

54

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Scholarly Papers (54)

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1.

When is Reputation Bad?

Downloads 1,013 (47,427)
Citation 43

When is Reputation Bad?

Number of pages: 47 Posted: 20 Jul 2004
Drew Fudenberg, J.C. Ely, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT), Northwestern University - Department of Economics and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 757 (69,398)
Citation 37

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When is Reputation Bad?

Number of pages: 46 Posted: 06 Oct 2002
J.C. Ely, Drew Fudenberg, David K. Levine and David K. Levine
Northwestern University - Department of Economics, Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 256 (248,024)
Citation 6

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2.

Stochastic Choice and Optimal Sequential Sampling

Number of pages: 40 Posted: 06 May 2015 Last Revised: 22 Mar 2017
Drew Fudenberg, Philipp Strack and Tomasz Strzalecki
Massachusetts Institute of Technology (MIT), Yale, Department of Economics and Harvard University - Harvard Institute of Economic Research
Downloads 896 (56,204)
Citation 28

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3.

Measuring the Completeness of Theories

PIER Working Paper No. 18-010
Number of pages: 38 Posted: 16 Aug 2017 Last Revised: 27 Jan 2020
Drew Fudenberg, Jon Kleinberg, Annie Liang and Sendhil Mullainathan
Massachusetts Institute of Technology (MIT), Cornell University - Department of Computer Science, Northwestern University and University of Chicago
Downloads 881 (57,504)
Citation 3

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Prediction, Randomness Perception, Theory Completeness

4.

Selective Memory Equilibrium

Number of pages: 54 Posted: 28 Jan 2022 Last Revised: 05 Nov 2024
Drew Fudenberg, Giacomo Lanzani and Philipp Strack
Massachusetts Institute of Technology (MIT), Harvard University and Yale, Department of Economics
Downloads 861 (59,325)
Citation 2

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Memory, Learning, Underinference, Misspecification

5.

Slow to Anger and Fast to Forgive: Cooperation in an Uncertain World

American Economic Review, Forthcoming
Number of pages: 77 Posted: 27 May 2010 Last Revised: 16 May 2011
Drew Fudenberg, David G. Rand and Anna Dreber
Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) and Stockholm School of Economics - Department of Economics
Downloads 729 (74,098)
Citation 18

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6.

A Dual Self Model of Impulse Control

Downloads 687 (79,874)
Citation 153

A Dual Self Model of Impulse Control

Harvard Institute of Economic Research Discussion Paper No. 2112
Number of pages: 59 Posted: 07 Mar 2006
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 458 (130,798)
Citation 142

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A Dual Self Model of Impulse Control

Number of pages: 35 Posted: 13 Nov 2004
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 229 (277,007)
Citation 11

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7.

Self-Control, Social Preferences and the Effect of Delayed Payments

Number of pages: 44 Posted: 09 Aug 2014 Last Revised: 19 Mar 2016
Anna Dreber, Drew Fudenberg, David K. Levine, David K. Levine and David G. Rand
Stockholm School of Economics - Department of Economics, Massachusetts Institute of Technology (MIT), Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS) and Massachusetts Institute of Technology (MIT)
Downloads 644 (86,743)
Citation 17

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altruism, self-control, delay, dual-self model

8.

Who Cooperates in Repeated Games: The Role of Altruism, Inequity Aversion, and Demographics

Journal of Economic Behavior and Organization, Vol. 98, 2014
Number of pages: 52 Posted: 16 Oct 2012 Last Revised: 16 May 2014
Anna Dreber, Drew Fudenberg and David G. Rand
Stockholm School of Economics - Department of Economics, Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 502 (118,569)
Citation 22

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cooperation, prisoner’s dilemma, altruism, social preferences, dictator game, inequity aversion, survey

9.

Learning to Play Bayesian Games

Number of pages: 26 Posted: 07 Aug 2001
Eddie Dekel, Drew Fudenberg, David K. Levine and David K. Levine
Northwestern University - Department of Economics, Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 415 (148,689)
Citation 13

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10.

Limit Points of Endogenous Misspecified Learning

Number of pages: 61 Posted: 03 Apr 2020 Last Revised: 27 Jan 2021
Drew Fudenberg, Giacomo Lanzani and Philipp Strack
Massachusetts Institute of Technology (MIT), Harvard University and Yale, Department of Economics
Downloads 405 (152,853)
Citation 11

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Misspecified Learning, Berk-Nash Equilibrium

11.

Predicting and Understanding Initial Play

PIER Working Paper No. 18-009
Number of pages: 39 Posted: 28 Nov 2017 Last Revised: 16 Jun 2019
Drew Fudenberg and Annie Liang
Massachusetts Institute of Technology (MIT) and Northwestern University
Downloads 405 (152,853)
Citation 18

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prediction, machine learning, behavioral game theory, cognitive hierarchy

12.

Topologies on Types

Harvard Institute of Economic Research Discussion Paper No. 2093
Number of pages: 37 Posted: 08 Sep 2005
Eddie Dekel, Drew Fudenberg and Stephen Morris
Northwestern University - Department of Economics, Massachusetts Institute of Technology (MIT) and MIT
Downloads 399 (155,432)
Citation 29

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rationalizability, incomplete information, common knowledge, universal type space, strategic topology

13.

Predictive Game Theory

American Economic Association, Ten Years and Beyond: Economists Answer NSF's Call for Long-Term Research Agendas
Number of pages: 6 Posted: 12 Aug 2011
Drew Fudenberg
Massachusetts Institute of Technology (MIT)
Downloads 395 (157,194)

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14.

Steady State Learning and the Code of Hammurabi

Number of pages: 34 Posted: 14 Jul 2004
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 379 (164,688)

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15.

Interim Rationalizability

Number of pages: 15 Posted: 02 Mar 2005
Drew Fudenberg, Eddie Dekel and Stephen Morris
Massachusetts Institute of Technology (MIT), Northwestern University - Department of Economics and MIT
Downloads 367 (170,691)
Citation 11

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rationalizability, incomplete information, common knowledge, university type space

16.

Superstition and Rational Learning

Harvard Institute of Economic Research Discussion Paper No. 2114
Number of pages: 43 Posted: 07 Mar 2006
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 344 (183,223)
Citation 10

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17.

Active Learning with Misspecified Beliefs

Number of pages: 35 Posted: 09 Feb 2016 Last Revised: 28 Feb 2016
Drew Fudenberg, Gleb Romanyuk and Philipp Strack
Massachusetts Institute of Technology (MIT), Harvard University and Yale, Department of Economics
Downloads 320 (197,960)
Citation 11

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18.

Pathwise Concentration Bounds for Misspecified Bayesian Beliefs

Number of pages: 47 Posted: 01 Apr 2021 Last Revised: 05 Aug 2023
Drew Fudenberg, Giacomo Lanzani and Philipp Strack
Massachusetts Institute of Technology (MIT), Harvard University and Yale, Department of Economics
Downloads 303 (209,977)

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19.

It's the Thought That Counts: The Role of Intentions in Noisy Repeated Games

Number of pages: 47 Posted: 03 May 2013 Last Revised: 07 May 2015
David G. Rand, Drew Fudenberg and Anna Dreber
Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) and Stockholm School of Economics - Department of Economics
Downloads 293 (217,374)
Citation 23

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cooperation, reciprocal altruism, infinitely repeated games, intentions, noise, public monitoring

20.

Competing Auctions

Number of pages: 59 Posted: 15 Aug 2002
Drew Fudenberg and Glenn Ellison
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 271 (235,616)
Citation 16

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21.

‘I’m Just a Soul Whose Intentions Are Good’: The Role of Communication in Noisy Repeated Games

Number of pages: 56 Posted: 18 Mar 2016 Last Revised: 03 Mar 2017
Antonio Arechar, Anna Dreber, Drew Fudenberg and David G. Rand
Massachusetts Institute of Technology (MIT), Stockholm School of Economics - Department of Economics, Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 258 (247,649)
Citation 12

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repeated games, prisoner's dilemma, experimental economics, economic games, communication

22.

Knife Edge or Plateau: When Do Market Models Tip?

Number of pages: 32 Posted: 17 Feb 2003
Drew Fudenberg and Glenn Ellison
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 233 (273,904)

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Tipping, Agglomeration, Two-sided Markets, Network Externalities, Increasing Returns

23.

Location Choice in Two-Sided Markets with Indivisible Agents

Number of pages: 29 Posted: 11 Jan 2005
Robert M. Anderson, Drew Fudenberg and Glenn Ellison
University of California, Berkeley - Department of Economics, Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 206 (307,975)
Citation 11

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24.

How Flexible is that Functional Form? Quantifying the Restrictiveness of Theories

Number of pages: 59 Posted: 08 Jul 2020 Last Revised: 24 Aug 2023
Drew Fudenberg, Wayne Yuan Gao and Annie Liang
Massachusetts Institute of Technology (MIT), University of Pennsylvania - Department of Economics and Northwestern University
Downloads 199 (318,069)
Citation 1

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model flexibility, parsimony, synthetic data, behavioral and experimental economics

25.

Recency, Records and Recaps: Learning and Non-Equilibrium Behavior in a Simple Decision Problem

Number of pages: 13 Posted: 14 Oct 2013 Last Revised: 03 Dec 2016
Drew Fudenberg and Alexander Peysakhovich
Massachusetts Institute of Technology (MIT) and Yale University - Human Cooperation Lab
Downloads 199 (318,069)
Citation 8

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learning, decision problems, behavioral economics

26.

Limited Memory, Learning, and Stochastic Choice

Number of pages: 49 Posted: 06 Sep 2024 Last Revised: 28 Feb 2025
Drew Fudenberg, Giacomo Lanzani and Philipp Strack
Massachusetts Institute of Technology (MIT), Harvard University and Yale, Department of Economics
Downloads 192 (331,849)

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27.

Subgame Perfect Implementation with Almost Perfect Information

Harvard Institute of Economic Research Discussion Paper No. 2150
Number of pages: 39 Posted: 11 Jan 2008
Philippe Aghion, Drew Fudenberg and Richard Holden
College de France and London School of Economics and Political Science, Fellow, Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 182 (345,191)
Citation 7

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28.

Which Misspecifications Persist?

Number of pages: 51 Posted: 27 Nov 2020 Last Revised: 21 Apr 2023
Drew Fudenberg and Giacomo Lanzani
Massachusetts Institute of Technology (MIT) and Harvard University
Downloads 170 (366,570)
Citation 1

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Misspecified learning, Berk-Nash equilibrium, evolution, payoff monotone dynamics

29.

Stochastic Stability in Large Populations

Harvard Institute of Economic Research Discussion Paper No. 2177
Number of pages: 53 Posted: 20 Jul 2009
Drew Fudenberg and Daniel Hojman
Massachusetts Institute of Technology (MIT) and Harvard University - Harvard Kennedy School (HKS)
Downloads 170 (366,570)
Citation 2

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equilibrium selection, stochastic stability, large deviations

30.

Heterogeneous Beliefs and Local Information In Stochastic Fictitious Play

Harvard Institute of Economic Research Discussion Paper No. 2143
Number of pages: 44 Posted: 15 Nov 2007
Drew Fudenberg and Satoru Takahashi
Massachusetts Institute of Technology (MIT) and Harvard University - Department of Economics
Downloads 168 (370,415)
Citation 3

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31.

Existence of Equilibrium in Large Double Auctions

Number of pages: 26 Posted: 20 Jul 2004
Drew Fudenberg, Markus M. Mobius, Markus M. Mobius and Adam Szeidl
Massachusetts Institute of Technology (MIT), University of Michigan at Ann Arbor - School of InformationMicrosoft Corporation - Microsoft Research New England and Central European University
Downloads 155 (396,880)
Citation 13

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Price-taking, Pure strategy equilibrium

32.

Imitation Processes with Small Mutations

Number of pages: 12 Posted: 13 Nov 2004
Drew Fudenberg and Lorens A. Imhof
Massachusetts Institute of Technology (MIT) and RWTH Aachen University - Institute of Statistics
Downloads 152 (403,342)
Citation 10

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33.

Self-Confirming Equilibrium and the Lucas Critique

Harvard Institute of Economic Research Discussion Paper No. 2142
Number of pages: 27 Posted: 15 Nov 2007
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 148 (412,264)
Citation 34

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34.

Perfect Public Equilibrium When Players are Patient

Number of pages: 15 Posted: 13 Nov 2004
Drew Fudenberg, David K. Levine, David K. Levine and Satoru Takahashi
Massachusetts Institute of Technology (MIT), Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS) and Harvard University - Department of Economics
Downloads 138 (435,697)
Citation 4

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Economic Theory, Game Theory, Repeated Games, Perfect Public Equilibrium, Folk Theorem

35.

Risk, Delay, and Convex Self-Control Costs

Number of pages: 51 Posted: 07 Nov 2010
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 133 (448,704)
Citation 9

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36.

Random Matching in Adaptive Dynamics

Harvard Institute of Economic Research Discussion Paper No. 2126
Number of pages: 26 Posted: 13 Dec 2006
Glenn Ellison, Drew Fudenberg and Lorens A. Imhof
Massachusetts Institute of Technology (MIT) - Department of Economics, Massachusetts Institute of Technology (MIT) and RWTH Aachen University - Institute of Statistics
Downloads 117 (495,694)
Citation 3

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37.

Learning and Belief Based Trade

Harvard Institute of Economic Research Discussion Paper No. 2113
Number of pages: 12 Posted: 07 Mar 2006
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 117 (495,694)
Citation 4

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38.

Tirole's Industrial Regulation and Organization Legacy in Economics

Number of pages: 40 Posted: 04 Apr 2015
Drew Fudenberg
Massachusetts Institute of Technology (MIT)
Downloads 113 (508,751)

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industrial organization, regulation, game theory, mechanism design

39.

A Long-Run Collaboration on Long-Run Games

A LONG-RUN COLLABORATION ON LONG-RUN GAMES, Drew Fudenberg, David K Levine, eds., World Scientific Publishing Co., December 2008
Number of pages: 15 Posted: 11 Sep 2009
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 113 (508,751)

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Long-Run Players, Limit Games, Robustness, Equilibrium, Reputation Effects, Repeated Games

40.

Monotone Imitation Dynamics in Large Populations

Harvard Institute of Economic Research Discussion Paper No. 2141
Number of pages: 26 Posted: 16 Nov 2007
Drew Fudenberg and Lorens A. Imhof
Massachusetts Institute of Technology (MIT) and RWTH Aachen University - Institute of Statistics
Downloads 101 (552,103)
Citation 2

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Equilibrium selection, Learning model, Limit distribution, Markov process, Prisoner's dilemma

41.

Training and Effort Dynamics in Apprenticeship

Downloads 98 (563,521)
Citation 11

Training and Effort Dynamics in Apprenticeship

Number of pages: 40 Posted: 27 Jun 2017
Drew Fudenberg and Luis Rayo
Massachusetts Institute of Technology (MIT) and University of Utah
Downloads 90 (601,403)
Citation 3

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Training and Effort Dynamics in Apprenticeship

CEPR Discussion Paper No. DP12126
Number of pages: 43 Posted: 04 Jul 2017
Drew Fudenberg and Luis Rayo
Massachusetts Institute of Technology (MIT) and University of Utah
Downloads 8 (1,295,570)
Citation 8
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42.

Fairness, Risk Preferences and Independence: Impossibility Theorems

Number of pages: 15 Posted: 09 Mar 2011
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)
Downloads 97 (567,279)
Citation 43

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43.

Learning from Private Information in Noisy Repeated Games

Number of pages: 65 Posted: 07 Nov 2010
Drew Fudenberg and Yuichi Yamamoto
Massachusetts Institute of Technology (MIT) and University of Pennsylvania
Downloads 87 (606,997)
Citation 4

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repeated game, public monitoring, incomplete information, perfect public equilibrium, folk theorem, belief-free equilibrium, ex-post equilibrium

44.

Recursive Stochastic Choice

Number of pages: 45 Posted: 22 Sep 2013
Drew Fudenberg and Tomasz Strzalecki
Massachusetts Institute of Technology (MIT) and Harvard University - Harvard Institute of Economic Research
Downloads 72 (675,493)
Citation 1

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45.

Knife Edge of Plateau: When Do Market Models Tip?

NBER Working Paper No. w9528
Number of pages: 32 Posted: 06 Mar 2003 Last Revised: 16 Jul 2022
Drew Fudenberg and Glenn Ellison
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 63 (723,929)
Citation 6

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46.

The Folk Theorem for Irreducible Stochastic Games with Imperfect Public Monitoring

Number of pages: 32 Posted: 11 Nov 2010
Drew Fudenberg and Yuichi Yamamoto
Massachusetts Institute of Technology (MIT) and University of Pennsylvania
Downloads 60 (741,283)
Citation 59

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Stochastic Game, Public Monitoring, Perfect Public Equilibrium, Folk Theorem

47.

Repeated Games Where the Payoffs and Monitoring Structure are Unknown

Econometrica Vol. 78, No. 5, p. 1673, September 2010
Number of pages: 39 Posted: 11 Nov 2010
Drew Fudenberg and Yuichi Yamamoto
Massachusetts Institute of Technology (MIT) and University of Pennsylvania
Downloads 51 (800,258)
Citation 1

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Repeated Game, Public Monitoring, Incomplete Information, Perfect Public Equilibrium, Folk Theorem, Belief-Free Equilibrium, Ex Post Equilibrium

48.

On Concave Functions Over Lotteries

Number of pages: 14 Posted: 25 Feb 2023
Drew Fudenberg, Roberto Corrao and David Levine
Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT), Department of Economics, Students and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 47 (829,629)

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concave functions, adversarial representations, concave

49.

The Transfer Performance of Economic Models

Number of pages: 52 Posted: 04 Aug 2022
Isaiah Andrews, Drew Fudenberg, Annie Liang and Chaofeng Wu
Harvard Society of Fellows, Massachusetts Institute of Technology (MIT), Northwestern University and Northwestern University
Downloads 46 (837,469)
Citation 2

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50.

Subgame Perfect Implementation with Almost Perfect Information and the Hold-Up Problem

NBER Working Paper No. w15167
Number of pages: 44 Posted: 21 Jul 2009 Last Revised: 12 Jun 2022
Philippe Aghion, Drew Fudenberg and Richard Holden
College de France and London School of Economics and Political Science, Fellow, Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 34 (942,516)

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51.

An Approximate Dual-Self Model and Paradoxes of Choice Under Risk

FRB of St. Louis Working Paper No. 2012-034A
Posted: 19 Sep 2012
Drew Fudenberg, David K. Levine, David K. Levine and Zacharias Maniadis
Massachusetts Institute of Technology (MIT), Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS) and University of Southampton

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common ratio effect, dual-self process, Allais paradox, self-control

52.

Learning and Equilibrium

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Learning and Equilibrium

Posted: 04 Jun 2010
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)

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Learning and Equilibrium

Annual Review of Economics, Vol. 1, pp. 385-420, 2009
Posted: 31 Aug 2011
Drew Fudenberg, David K. Levine and David K. Levine
Massachusetts Institute of Technology (MIT) and Washington University in St. Louis - Department of EconomicsEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)

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53.

Customer Poaching and Brand Switching

Posted: 08 Dec 2000
Drew Fudenberg and Jean Tirole
Massachusetts Institute of Technology (MIT) and University of Toulouse 1 - Industrial Economic Institute (IDEI)

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54.

Upgrades, Trade-Ins, and Buybacks

Posted: 10 Jun 1998
Drew Fudenberg and Jean Tirole
Massachusetts Institute of Technology (MIT) and University of Toulouse 1 - Industrial Economic Institute (IDEI)

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