creating value versus claiming value

The following items are tagged creating value versus claiming value.

The Dictator Game: Justifying Selfishness in Negotiation

Posted by & filed under Meeting Facilitation.

In a recent study of selfishness in negotiation, Fei Song of York University and C. Brian Cadsby and Tristan Morris of the University of Guelph had participants play the “dictator game,” adapted from experimental economics literature. In this game, Party A is given a sum of money to allocate between himself and Party B. Because Party B has no power, Party A’s allocation goes into effect without debate. The dictator game captures the essence of negotiations in contexts with an extreme power differential.