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Many negotiations offer a potential for integrative agreements in which the parties can maximize joint gains (through logrolling) without competing for resources as in a 0-sum game; nevertheless negotiators often fail to exploit this potential and settle for suboptimal, distributive agreements....
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)bounded rationality ; (non-)cooperative game theory ; bargaining and negotiation (theory and experiments) …
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easy. In our stochastic (alternating offer) bargaining experiment, there is a certain first-period pie and a known finite …
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easy. In our stochastic (alternating offer) bargaining experiment, there is a certain first-period pie and a known finite …
Persistent link: https://www.econbiz.de/10009559932
We demonstrate that one should not expect convergence of the proposals to the subgame perfect Nash equilibrium offer in standard ultimatum games. First, imposing strict experimental control of the behavior of the receiving players and focusing on the behavior of the proposers, we show...
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