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Bargaining in a Video Experiment: Determinants of Boundedly Rational Behavior
Hennig-Schmidt, Heike (University Of Bonn, Germany)
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Description for Bargaining in a Video Experiment: Determinants of Boundedly Rational Behavior
paperback. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 233 pages, biography. BIC Classification: KCA. Category: (G) General (US: Trade); (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 13. Weight in Grams: 375.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
1999
Publisher
Springer Germany
Number of pages
233
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
221
Place of Publication
Berlin, Germany
ISBN
9783540654155
SKU
V9783540654155
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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