-Symmetric impatience refers to:
A) The equal reduction in patience by two players that fail to come to a bargaining agreement.
B) The equal reduction in payoffs by two players that fail to come to a bargaining agreement.
C) The equal reduction in each player's share of the bargaining surplus by failing to come to an agreement.
D) The equal reduction in each player's patience with a rival's refusal to bargain in good faith.
E) Answers b and c are correct.

Question

-Symmetric impatience refers to:
A) The equal reduction in patience by two players that fail to come to a bargaining agreement. 
B) The equal reduction in payoffs by two players that fail to come to a bargaining agreement. 
C) The equal reduction in each player's share of the bargaining surplus by failing to come to an agreement. 
D) The equal reduction in each player's patience with a rival's refusal to bargain in good faith. 
E) Answers b and c are correct.

Quizplus · Accepted Answer

Symmetric impatience in the context of bargaining refers to the scenario where both players face equal reductions in their payoffs or their share of the bargaining surplus if they fail to reach an agreement. This concept highlights how failing to agree can equally disadvantage both parties involved in the negotiation.

-Symmetric Impatience Refers To