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- W3122686678 abstract "Negotiations frequently end in conflict after one party rejects a final offer. In a large-scale internet experiment, we investigate whether a 24-hour coolingoff period leads to fewer rejections in ultimatum bargaining. We conduct a standard cash treatment and a lottery treatment, where subjects receive lottery tickets for several large prizes - emulating a high-stakes environment. In the lottery treatment, unfair offers are less frequently rejected, and cooling-off significantly reduces the rejection rate further. In the cash treatment, rejections are more frequent and remain so after cooling-off. This treatment difference is particularly pronounced for subjects with lower cognitive abilities." @default.
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- W3122686678 date "2015-01-01" @default.
- W3122686678 modified "2023-09-25" @default.
- W3122686678 title "Cooling Off in Negotiations: Does it Work?" @default.
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- W3122686678 doi "https://doi.org/10.1628/093245615x14307212950056" @default.
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