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Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...
Persistent link: https://www.econbiz.de/10011771180
Our study concerns bargaining behavior in situations where one party is in a stronger position than the other. We …' concern for fairness, and the tradeoff the disadvantaged player makes between pursuing a fair outcome from a disadvantaged … weak players persist in seeking "fairness" is also a function of how much it (potentially) costs them to do so. Students …
Persistent link: https://www.econbiz.de/10005556668
lack structural information, which contrasts with common notions of fairness or "manners" in ultimatum bargaining (Camerer …
Persistent link: https://www.econbiz.de/10005125583
Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers' aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations from...
Persistent link: https://www.econbiz.de/10011852710
norms of fairness, not norms per se. We design an experiment to decouple norm-adherence from fairness. We find that (a) a …
Persistent link: https://www.econbiz.de/10010765389
The results of Ultimatum Game experiments are often quoted as evidence for the role of fairness in bargaining or in … economic behaviour more generally. This paper argues that the observed fairness levels are contingent on the traditional … opponent repeatedly. This finding is not expected by the traditional fairness hypothesis. A detailed analysis of the dynamics …
Persistent link: https://www.econbiz.de/10005408237
Rawls (1958) suggested that it is possible to arrive at a fair allocation in a 2-player Nash demand game by granting equal gains to both players. Rawls theorized that players themselves would select this allocation if they bargain from the 'original position'. Harsanyi (1958) suggested the...
Persistent link: https://www.econbiz.de/10012936354
Two groups of voters of known sizes disagree over a single binary decision to be taken by simple majority. Individuals have different, privately observed intensities of preferences and before voting can buy or sell votes among themselves for money. We study the implication of such trading for...
Persistent link: https://www.econbiz.de/10011084134
Game theory predicts that players make strategic commitments that may appear counter-intuitive. We conducted an experiment to see if people make a counter-intuitive but strategically optimal decision to avoid information. The experiment is based on a sequential Nash demand game in which a...
Persistent link: https://www.econbiz.de/10010571506
the bargaining game. The paper's main focus is on the agreement outcomes, the average payoffs, the concession behavior and …
Persistent link: https://www.econbiz.de/10004968278