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Preferences in Negotiations: The Attachment Effect (Lecture Notes in Economics and Mathematical Systems) [Paperback]

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Item description for Preferences in Negotiations: The Attachment Effect (Lecture Notes in Economics and Mathematical Systems) by Henner Gimpel...

Negotiations are ubiquitous in business, politics, and private life. In many cases their outcome is of great importance. Yet, negotiators frequently act irrationally and fail to reach mutually beneficial agreements. Cognitive biases like overconfidence, egocentrism, and the mythical fixed pie illusion oftentimes foreclose profitable results. A further cognitive bias is the attachment effect: Parties are influenced by their subjective expectations formed on account of the exchange of offers, they form reference points, and loss aversion potentially leads to a change of preferences when expectations change.

This book presents a motivation, formalization, and substantiation of the attachment effect. Thereby, preferences and behavior are approached from a microeconomic and a psychological perspective. Two experiments show clear evidence for a systematic bias. The results can be used for prescriptive advice to negotiators: either for debiasing or to systematically affect the counterparty.





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Item Specifications...


Pages   268
Est. Packaging Dimensions:   Length: 9.2" Width: 6.1" Height: 0.7"
Weight:   0.6 lbs.
Binding  Softcover
Release Date   Jul 20, 2007
Publisher   Springer
ISBN  3540722254  
ISBN13  9783540722250  


Availability  55 units.
Availability accurate as of Mar 30, 2017 04:59.
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Product Categories

1Books > Subjects > Business & Investing > Economics > General
2Books > Subjects > Business & Investing > Economics > Microeconomics
3Books > Subjects > Business & Investing > General
4Books > Subjects > Business & Investing > Management & Leadership > Negotiating
5Books > Subjects > Business & Investing > Management & Leadership > Operations Research
6Books > Subjects > Health, Mind & Body > Psychology & Counseling > General
7Books > Subjects > Professional & Technical > Professional Science > Mathematics > Applied > Game Theory
8Books > Subjects > Science > Mathematics > Applied > Game Theory



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