Reputation

A reputation is the pattern of expectations that other agents make about an agent, from past voluntary actions. The agent does not own or control it. A reputation is a belief that other persons hold. A good reputation grows through constant honesty, reliable action, and value that the agent gives. A bad reputation comes from deception, harm, or failures to keep commitments. No one can transfer, buy, or enforce a reputation by coercion. A reputation emerges naturally from experience and observation.