In general, __________ theory can help predict the approximate outcome of bargaining situations, but _____________ conditions will cause the true solution to vary around the predicted outcome point.

Question

Quizplus · Accepted Answer

Economic theory can help predict outcomes in bargaining, but human psychology can influence decision making and cause variation from the predicted outcome. Therefore, economic and psychological factors should be considered.

In General, __________ Theory Can Help Predict the Approximate Outcome