Vacuous Information Affects Bargaining

被引:0
作者
Christian Korth
J. Philipp Reiß
机构
[1] University of Bayreuth,Department of Economics VWL IV
[2] Karlsruhe Institute of Technology (KIT),Institute of Economics
来源
Group Decision and Negotiation | 2014年 / 23卷
关键词
Ultimatum game; Vacuous information; Experiment ; Bargaining; Self-serving bias; Anchoring; C90 (Design of Experiments: Group Behavior); C78 (Bargaining);
D O I
暂无
中图分类号
学科分类号
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.
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页码:921 / 936
页数:15
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