Zone of Possible Agreement in Negotiation: Impact of Gender and Personality

Devjani Chatterjee () and Akhil Singh ()
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Devjani Chatterjee: Indian Institute of Management Kashipur

No 10012557, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: To date, impact of gender differences and different personality types on negotiation [specially Zone of Possible Agreements (ZOPA)] have received little theoretical and practical attention. This paper aims to explore the effects that gender and personality have over negotiation style and decision making in order to find the connection and create new knowledge in understanding the behavior of the negotiators. We conducted a survey both on buyers and sellers and collected data on their personality and negotiation style. Big Five factors were considered for understanding the personality of the buyers and sellers. Afterwards the data was subjected to statistical analysis through correlation and paired sample t-test. We found that for female buyers the frequency of indulging into negotiations has a correlation with personality trait of openness to experience. For sellers, the frequency of negotiation correlates negatively with personality trait of agreeableness.

Keywords: Gender; Negotiation; Zone of possible Agreement (ZOPA); Big-Five Model; Negotiation (search for similar items in EconPapers)
JEL-codes: C78 D74 (search for similar items in EconPapers)
Pages: 1 page
Date: 2020-02
New Economics Papers: this item is included in nep-ore
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Published in Proceedings of the Proceedings of the 53rd International Academic Conference, Dubai, Feb 2020, pages 10-10

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:10012557

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