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Litigation and Settlement in a Game with Incomplete Information
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ISBN
:
9783540613046
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Publisher
:
Springer
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Subject
:
Business & Management, Jurisprudence & General Issues
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Binding
:
Paperback
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Pages
:
182
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Year
:
816
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8445.0
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7684.0
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Description
The book investigates a two-person game of litigation and settlement with incomplete information on one side. The experimental design allows investigation of how subjects solve the bargaining problem. A prominence level analysis is applied to the data and suggests that subjects tend to choose "round" numbers. It is shown that there exists a correlation between machiavellianism and subjects' adjustment behaviour in the game. The learning behaviour is discussed extensively. Plaintiffs' acceptance limits polarize at the beginning of the second play. A model of learning direction theory applied to explain subjects's behaviour over the course of the game.
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