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Keywords: Power
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Journal Articles
Journal:
Review of Behavioral Economics
Review of Behavioral Economics 1–26.
Published: 13 July 2026
... focal points. Specifically, the author examines two types: power, defined by expected conflict payoffs, and endowment, which sets the status quo. Experimental results show that players exhibit notable rationality in both their demands and their decisions to back down. Crucially, power exerts...
