Preferences in Negotiations

The Attachment Effect

Paperback Engels 2007 2007e druk 9783540722250
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The attachment effect can hinder effective negotiation. 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. The results can be used for prescriptive advice to negotiators.

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          Preferences in Negotiations