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
1. Verfasser: Decker, Christian
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.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2023.111181