The order of move in a conversational war of attrition
This paper investigates computationally when and how the order of move matters in a Conversational War of Attrition (Meyer-ter-Vehn et al., 2018). Switching the first mover flips the debate’s outcome for certain type-realizations and triggers two potentially opposing forces on jurors’ ex-ante expect...
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Veröffentlicht in: | Economics letters 2023-07, Vol.228, p.111181, Article 111181 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | This paper investigates computationally when and how the order of move matters in a Conversational War of Attrition (Meyer-ter-Vehn et al., 2018). Switching the first mover flips the debate’s outcome for certain type-realizations and triggers two potentially opposing forces on jurors’ ex-ante expected costs. In the finite-horizon version of the game, a last-proposal advantage prevails if the jurors’ bias dominates their impatience, and a first-proposal advantage prevails if impatience dominates bias. In the infinite-horizon version, there is an unambiguous first-proposal advantage. These mechanisms are reminiscent of the Rubinstein (1982) sequential bargaining game.
•Switching the first mover may flip the outcome of a Conversational War of Attrition.•Impatience causes ex-ante a first-proposal advantage.•In a finite debate, an additional force favors the last proposal.•In a finite debate, the first-proposal advantage prevails if impatience dominates bias.•The mechanisms are similar to the Rubinstein sequential bargaining game. |
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ISSN: | 0165-1765 1873-7374 |
DOI: | 10.1016/j.econlet.2023.111181 |