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- W3123761488 abstract "This paper analyzes blindfolded versus informed ultimatum bargaining where proposer and responder are both either uninformed or informed about the size of the pie. Analyzing the transition from one information setting to the other suggests that more information induces lower (higher) price offers and acceptance thresholds when the pie is small (large). While our experimental data confirm this transition effect, risk aversion leads to diverging results in blindfolded ultimatum bargaining due to task-independent strategies such as 'equal sharing' or the 'golden mean.' The probability of successful bargaining is lower in case of blindfolded than informed ultimatum bargaining." @default.
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- W3123761488 date "2016-01-01" @default.
- W3123761488 modified "2023-10-03" @default.
- W3123761488 title "Blindfolded vs. informed ultimatum bargaining: A theoretical and experimental analysis" @default.
- W3123761488 hasPublicationYear "2016" @default.
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