By Heike Hennig-Schmidt
Bilateral bargaining events are of serious significance in fact. conventional microeconomics, although, make cognitive and motivational assumptions of matters` complete rationality which are printed as being unrealistic through progressively more experimental investigations. the current booklet provides an enormous contribution to the knowledge of ideas of boundedly rational habit through at once looking at teams of topics in a choice state of affairs and videotaping their discussions. an important results of the publication is that the habit of matters is guided by means of aspirations concerning the ultimate final result. the degrees of aspirations are encouraged via prominence and assorted kinds of the fairness precept leading to numerous equity norms as to the allocation of the amount of cash to be divided. one other very important function of the e-book stems from the research of holiday off discussions and permits a motivational clarification of the emergence of breakdowns in bargaining.
Read or Download Bargaining in a Video Experiment: Determinants of Boundedly Rational Behavior (Lecture Notes in Economics and Mathematical Systems) PDF
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