Language of Bargaining

Mourad Heddaya, Solomon Dworkin, Chenhao Tan, Rob Voigt, Alexander Zentefis


Abstract
Leveraging an established exercise in negotiation education, we build a novel dataset for studying how the use of language shapes bilateral bargaining. Our dataset extends existing work in two ways: 1) we recruit participants via behavioral labs instead of crowdsourcing platforms and allow participants to negotiate through audio, enabling more naturalistic interactions; 2) we add a control setting where participants negotiate only through alternating, written numeric offers. Despite the two contrasting forms of communication, we find that the average agreed prices of the two treatments are identical. But when subjects can talk, fewer offers are exchanged, negotiations finish faster, the likelihood of reaching agreement rises, and the variance of prices at which subjects agree drops substantially. We further propose a taxonomy of speech acts in negotiation and enrich the dataset with annotated speech acts. We set up prediction tasks to predict negotiation success and find that being reactive to the arguments of the other party is advantageous over driving the negotiation.
Anthology ID:
2023.acl-long.735
Volume:
Proceedings of the 61st Annual Meeting of the Association for Computational Linguistics (Volume 1: Long Papers)
Month:
July
Year:
2023
Address:
Toronto, Canada
Editors:
Anna Rogers, Jordan Boyd-Graber, Naoaki Okazaki
Venue:
ACL
SIG:
Publisher:
Association for Computational Linguistics
Note:
Pages:
13161–13185
Language:
URL:
https://aclanthology.org/2023.acl-long.735
DOI:
10.18653/v1/2023.acl-long.735
Bibkey:
Cite (ACL):
Mourad Heddaya, Solomon Dworkin, Chenhao Tan, Rob Voigt, and Alexander Zentefis. 2023. Language of Bargaining. In Proceedings of the 61st Annual Meeting of the Association for Computational Linguistics (Volume 1: Long Papers), pages 13161–13185, Toronto, Canada. Association for Computational Linguistics.
Cite (Informal):
Language of Bargaining (Heddaya et al., ACL 2023)
Copy Citation:
PDF:
https://aclanthology.org/2023.acl-long.735.pdf
Video:
 https://aclanthology.org/2023.acl-long.735.mp4