Vacuous Information Affects Bargaining

被引:0
|
作者
Korth, Christian [1 ]
Reiss, J. Philipp [2 ]
机构
[1] Univ Bayreuth, Dept Econ VWL 4, D-95440 Bayreuth, Germany
[2] KIT, Inst Econ, D-76131 Karlsruhe, Germany
关键词
Ultimatum game; Vacuous information; Experiment; Bargaining; Self-serving bias; Anchoring; PROPERTY-RIGHTS; LOSS AVERSION; ULTIMATUM; FAIRNESS; BEHAVIOR; GAME; ANONYMITY; POWER; NAME;
D O I
10.1007/s10726-013-9361-7
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
We introduce vacuous information into buyer-seller ultimatum exchanges and provide evidence that it can affect bargaining outcomes. Notably bargaining behavior is affected asymmetrically in a way that leads allocative efficiency to respond negatively. Our results are consistent with self-serving bias that commands players to interpret vacuous information in a self-serving way.
引用
收藏
页码:921 / 936
页数:16
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