Bargaining outcomes shift as players become more risk and uncertainty averse
The article explores how people's attitudes towards risk and uncertainty affect bargaining outcomes. It looks at two scenarios: one where players make decisions based on expected outcomes, and another where they consider a wider range of possibilities. The researchers found that when players become more risk-averse, they tend to reach agreements more quickly. On the other hand, when players become more uncertainty-averse, negotiations can become more challenging.