Efficiency, equality, and labelling: An experimental investigation of focal points in explicit bargaining

DOI

We investigate Schelling’s hypothesis that payoff-irrelevant labels (“cues”) can influence the outcomes of bargaining games with communication. In our experimental games, players negotiate over the division of a surplus by claiming valuable objects that have payoff-irrelevant spatial locations. Negotiation occurs in continuous time, constrained by a deadline. In some games, spatial cues are opposed to principles of equality or efficiency. We find a strong tendency for players to agree on efficient and minimally unequal payoff divisions, even if spatial cues suggest otherwise. But if there are two such divisions, cues are often used to select between them, inducing distributional effects.This network project brings together economists, psychologists, computer and complexity scientists from three leading centres for behavioural social science at Nottingham, Warwick and UEA. This group will lead a research programme with two broad objectives: to develop and test cross-disciplinary models of human behaviour and behaviour change; to draw out their implications for the formulation and evaluation of public policy. Foundational research will focus on three inter-related themes: understanding individual behaviour and behaviour change; understanding social and interactive behaviour; rethinking the foundations of policy analysis. The project will explore implications of the basic science for policy via a series of applied projects connecting naturally with the three themes. These will include: the determinants of consumer credit behaviour; the formation of social values; strategies for evaluation of policies affecting health and safety. The research will integrate theoretical perspectives from multiple disciplines and utilise a wide range of complementary methodologies including: theoretical modeling of individuals, groups and complex systems; conceptual analysis; lab and field experiments; analysis of large data sets. The Network will promote high quality cross-disciplinary research and serve as a policy forum for understanding behaviour and behaviour change.

Experimental data; an experimental environment in which the cues that discriminate between alternative bargaining outcomes are perceived by the players only as a device for selecting between equilibria, and not as a source of information about the subjective values of those equilibria. Our experiment is designed so that the relevant cues meet this requirement. For more information, see the publication under Related Resources.

Identifier
DOI https://doi.org/10.5255/UKDA-SN-852873
Metadata Access https://datacatalogue.cessda.eu/oai-pmh/v0/oai?verb=GetRecord&metadataPrefix=oai_ddi25&identifier=1cd3f890339f13c2bdfb7e519bf4c51748465ac73bc3e62663948a3484abf9f0
Provenance
Creator Sugdent, R, University of East Anglia
Publisher UK Data Service
Publication Year 2017
Funding Reference Economic and Social Research Council
Rights Robert Sugden, University of East Anglia; The Data Collection is available from an external repository. Access is available via Related Resources.
OpenAccess true
Representation
Language English
Resource Type Numeric
Discipline Economics; Social and Behavioural Sciences
Spatial Coverage United Kingdom