Decision Making

Download E-books Bargaining in a Video Experiment: Determinants of Boundedly Rational Behavior (Lecture Notes in Economics and Mathematical Systems) PDF

By Heike Hennig-Schmidt

Bilateral bargaining occasions are of serious significance actually. conventional microeconomics, notwithstanding, make cognitive and motivational assumptions of matters` complete rationality which are printed as being unrealistic by way of increasingly more experimental investigations. the current booklet provides a big contribution to the knowledge of ideas of boundedly rational habit by means of at once looking at teams of matters in a choice scenario and videotaping their discussions. a vital results of the ebook is that the habit of topics is guided by means of aspirations concerning the ultimate consequence. the degrees of aspirations are prompted through prominence and diverse different types of the fairness precept leading to a number of equity norms as to the allocation of the amount of cash to be divided. one other vital characteristic of the ebook stems from the research of holiday off discussions and allows a motivational rationalization of the emergence of breakdowns in bargaining.

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