Bargainers more likely to reach agreements using minimum utility point.
In some bargaining situations, people tend to focus on a "minimum utility point" when making deals, leading to different outcomes than previously thought. This approach suggests a change in how we view fair agreements in bargaining. It argues that using a minimum utility point is more practical than other existing methods. Real-life negotiations often don't follow traditional models, so a new probabilistic model is recommended for predicting outcomes.