Explaining Bargaining Impasse: The Role of Self-Serving Biases
Author(s) -
Linda Babcock,
George Loewenstein
Publication year - 1997
Publication title -
the journal of economic perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 9.614
H-Index - 196
eISSN - 1944-7965
pISSN - 0895-3309
DOI - 10.1257/jep.11.1.109
Subject(s) - debiasing , negotiation , field (mathematics) , confirmation bias , gender bias , economics , psychology , political science , social psychology , law , mathematics , pure mathematics
The authors review studies conducted by themselves and coauthors that document a 'self-serving' bias in judgments of fairness and demonstrate that the bias is an important cause of impasse in negotiations. They discuss experimental evidence showing that (1) the bias causes impasse; (2) it is possible to reduce impasses by debiasing bargainers; and (3) the bias results from selective evaluation of information. The authors also review results from a field study of negotiations between teachers' unions and school boards in Pennsylvania that both document the fairness bias in a naturalistic setting and demonstrates its impact on strikes.
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