Standing united or falling divided? High stakes bargaining in a TV game show

van Dolder, Dennie and van den Assem, Martijn J. and Camerer, Colin F. and Thaler, Richard H. (2015) Standing united or falling divided? High stakes bargaining in a TV game show. American Economic Review, 105 (5). pp. 402-407. ISSN 0002-8282

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We examine high stakes three-person bargaining in a game show where contestants bargain over a large money amount that is split into three unequal shares. We find that individual behavior and outcomes are strongly influenced by equity concerns: those who contributed more to the jackpot claim larger shares, are less likely to make concessions, and take home larger amounts. Contestants who announce that they will not back down do well relative to others, but they do not secure larger absolute amounts and they harm others. There is no evidence of a first-mover advantage and little evidence that demographic characteristics matter.

Item Type: Article
Keywords: bargaining, negotiation, game show, natural experiment, equity theory, moral property rights, entitlements, fairness, concessions, first-mover advantage
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > School of Education
Identification Number:
Depositing User: Van Dolder, Dennie
Date Deposited: 17 Nov 2015 09:10
Last Modified: 02 Jul 2018 09:03

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