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Same Power But Different Goals: How Does Knowledge Of Opponents’ Power Affect Negotiators' Aspiration In Powerasymmetric Negotiations?

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  • Ricky S. Wong

Abstract

This article focuses on dyadic negotiations in which negotiators have asymmetric best alternatives to the negotiated agreement (BATNAs). We argue it is important to consider negotiator’s knowledge states of opponent’s BATNAs. The experimental study also examined how negotiator’s perceptions of opponent’s BATNAs were formed and how knowledge given to different negotiators affected negotiator aspiration levels. The findings show that Negotiator estimates of opponent BATNAs are affected by their own BATNAs even when the range of possible BATNAs is given; strong negotiator’s knowledge of opponent’s BATNAs increases their aspiration levels; and weak negotiator’s knowledge reduces their aspiration levels. How knowledge of BATNA-asymmetries affects aspiration depends on which party has access to it.

Suggested Citation

  • Ricky S. Wong, 2014. "Same Power But Different Goals: How Does Knowledge Of Opponents’ Power Affect Negotiators' Aspiration In Powerasymmetric Negotiations?," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 8(3), pages 77-89.
    • Handle: RePEc:ibf:gjbres:v:8:y:2014:i:3:p:77-89
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    References listed on IDEAS

    as
    1. Brodt, Susan E., 1994. ""Inside Information" and Negotiator Decision Behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 58(2), pages 172-202, May.
    2. Anderson, Cameron & Thompson, Leigh L., 2004. "Affect from the top down: How powerful individuals' positive affect shapes negotiations," Organizational Behavior and Human Decision Processes, Elsevier, vol. 95(2), pages 125-139, November.
    3. L. L. Cummings & D. L. Harnett, 1969. "The Impact of Risk-Taking Propensity, Information, Communication and Terminal Bid," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(4), pages 485-501.
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    Cited by:

    1. Brett, Jeanne & Thompson, Leigh, 2016. "Negotiation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 136(C), pages 68-79.
    2. Ricky S. Wong & Susan Howard, 2017. "Blinded by Power: Untangling Mixed Results Regarding Power and Efficiency in Negotiation," Group Decision and Negotiation, Springer, vol. 26(2), pages 215-245, March.

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    More about this item

    Keywords

    Best Alternative to a Negotiated Agreement (BATNA); Negotiation; Power Asymmetry; Knowledge; Aspiration;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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