Bargaining in a Video Experiment: Determinants of Boundedly Rational Behavior
Bilateral bargaining situations are of great importance in reality. Traditional microeconomics, however, make cognitive and motivational assumptions of subjects' full rationality that are revealed as being unrealistic by a growing number of experimental investigations. The present book adds an...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1999
|
| Ausgabe: | 1st ed. 1999 |
| Schriftenreihe: | Lecture Notes in Economics and Mathematical Systems
467 |
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | Bilateral bargaining situations are of great importance in reality. Traditional microeconomics, however, make cognitive and motivational assumptions of subjects' full rationality that are revealed as being unrealistic by a growing number of experimental investigations. The present book adds an important contribution to the understanding of principles of boundedly rational behavior by directly observing groups of subjects in a decision situation and videotaping their discussions. A very important result of the book is that the behavior of subjects is guided by aspirations regarding the final outcome. The levels of aspirations are influenced by prominence and different forms of the equity principle resulting in several fairness norms as to the allocation of the amount of money to be divided. Another important feature of the book stems from the analysis of break off discussions and enables a motivational explanation of the emergence of breakdowns in bargaining |
| Beschreibung: | 1 Online-Ressource (XII, 221 p) |
| ISBN: | 9783642457753 |
| DOI: | 10.1007/978-3-642-45775-3 |
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| discipline | Mathematik Wirtschaftswissenschaften |
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| edition | 1st ed. 1999 |
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| spelling | Hennig-Schmidt, Heike Verfasser aut Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior by Heike Hennig-Schmidt 1st ed. 1999 Berlin, Heidelberg Springer Berlin Heidelberg 1999 1 Online-Ressource (XII, 221 p) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 467 Bilateral bargaining situations are of great importance in reality. Traditional microeconomics, however, make cognitive and motivational assumptions of subjects' full rationality that are revealed as being unrealistic by a growing number of experimental investigations. The present book adds an important contribution to the understanding of principles of boundedly rational behavior by directly observing groups of subjects in a decision situation and videotaping their discussions. A very important result of the book is that the behavior of subjects is guided by aspirations regarding the final outcome. The levels of aspirations are influenced by prominence and different forms of the equity principle resulting in several fairness norms as to the allocation of the amount of money to be divided. Another important feature of the book stems from the analysis of break off discussions and enables a motivational explanation of the emergence of breakdowns in bargaining Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Rational Choice (DE-588)4274923-2 gnd rswk-swf Verhandlungsspiel (DE-588)4187779-2 gnd rswk-swf Videoaufzeichnung (DE-588)4188222-2 gnd rswk-swf Verhandlungstheorie (DE-588)4139583-9 gnd rswk-swf Experiment (DE-588)4015999-1 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Verhandlungsspiel (DE-588)4187779-2 s Rational Choice (DE-588)4274923-2 s Verhandlungstheorie (DE-588)4139583-9 s Videoaufzeichnung (DE-588)4188222-2 s Experiment (DE-588)4015999-1 s DE-604 Erscheint auch als Druck-Ausgabe 9783540654155 Erscheint auch als Druck-Ausgabe 9783642457760 https://doi.org/10.1007/978-3-642-45775-3 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Hennig-Schmidt, Heike Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Rational Choice (DE-588)4274923-2 gnd Verhandlungsspiel (DE-588)4187779-2 gnd Videoaufzeichnung (DE-588)4188222-2 gnd Verhandlungstheorie (DE-588)4139583-9 gnd Experiment (DE-588)4015999-1 gnd |
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| title | Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior |
| title_auth | Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior |
| title_exact_search | Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior |
| title_exact_search_txtP | Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior |
| title_full | Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior by Heike Hennig-Schmidt |
| title_fullStr | Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior by Heike Hennig-Schmidt |
| title_full_unstemmed | Bargaining in a Video Experiment Determinants of Boundedly Rational Behavior by Heike Hennig-Schmidt |
| title_short | Bargaining in a Video Experiment |
| title_sort | bargaining in a video experiment determinants of boundedly rational behavior |
| title_sub | Determinants of Boundedly Rational Behavior |
| topic | Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Rational Choice (DE-588)4274923-2 gnd Verhandlungsspiel (DE-588)4187779-2 gnd Videoaufzeichnung (DE-588)4188222-2 gnd Verhandlungstheorie (DE-588)4139583-9 gnd Experiment (DE-588)4015999-1 gnd |
| topic_facet | Economic Theory/Quantitative Economics/Mathematical Methods Economic theory Rational Choice Verhandlungsspiel Videoaufzeichnung Verhandlungstheorie Experiment Hochschulschrift |
| url | https://doi.org/10.1007/978-3-642-45775-3 |
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