Missed opportunity for creating value in negotiations: Reluctance to making integrative gambit offers

Ilana Ritov*, Simone Moran

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

16 Scopus citations

Abstract

In the present study we address a multi-issue negotiation agenda, where several issues are under consideration and parties have different priorities among these issues. We suggest that in such agendas loss aversion and within issue anchoring may constrain the configuration of offers that parties propose to each other during the course of negotiation. We specifically focus on offers in which negotiators self-propose to give the other party more than was demanded on one of the issues, while still maintaining or improving their overall value. We term such offers Integrative Gambit Offers ("IGO"s) and show that although making such offers improves integrative negotiation outcome, the frequency of making them is relatively low, and does not increase as negotiators gain experience with the task.

Original languageEnglish
Pages (from-to)337-351
Number of pages15
JournalJournal of Behavioral Decision Making
Volume21
Issue number4
DOIs
StatePublished - Oct 2008

Keywords

  • Anchoring
  • Cognitive bias
  • Creative thinking
  • Decision-making
  • Loss aversion
  • Negotiation

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