Blindfolded vs. Informed Ultimatum Bargaining – A Theoretical and Experimental Analysis

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dc.contributor.author Güth, Werner
dc.contributor.author Pull, Kerstin
dc.contributor.author Stadler, Manfred
dc.contributor.author Zaby, Alexandra
dc.date.accessioned 2016-05-03T11:34:09Z
dc.date.available 2016-05-03T11:34:09Z
dc.date.issued 2016-04
dc.identifier.other 469269049 de_DE
dc.identifier.uri http://hdl.handle.net/10900/69470
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-dspace-694705 de_DE
dc.identifier.uri http://dx.doi.org/10.15496/publikation-10884
dc.description.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 bargain- ing 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. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Economics de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Ultimatum bargaining en
dc.subject.other information structure en
dc.subject.other experimental economics en
dc.title Blindfolded vs. Informed Ultimatum Bargaining – A Theoretical and Experimental Analysis en
dc.type Aufsatz de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; 90 de_DE

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