Article

Parallel and Divergent Predictors of Objective and Subjective Value in Negotiation

Jared R. Curhan and Ashley D. Brown

in The Oxford Handbook of Positive Organizational Scholarship

Published in print August 2011 | ISBN: 9780199734610
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199734610.013.0043

Series: Oxford Library of Psychology

 Parallel and Divergent Predictors of Objective and Subjective Value in Negotiation

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The negotiation field has been dominated by a focus on objective value (or economic outcomes) with relatively less attention paid to subjective value (or social psychological outcomes). This chapter proposes a framework that highlights the duality of negotiation outcomes by identifying predictors of both objective and subjective value. Whereas some predictors tend to have parallel effects, benefiting objective and subjective value in tandem, other predictors tend to have divergent effects, benefiting objective value while simultaneously undermining subjective value, or vice versa. We further distinguish between predictors typically outside of the negotiator’s control, such as personality traits and individual differences, versus predictors typically within the negotiator’s control, such as behaviors and strategies. We offer 12 examples of predictors that illustrate this new framework, with the aim of advising individuals on how best to manage both objective and subjective value, thereby achieving peak performance in negotiations.

Keywords: Negotiation; subjective value; objective value; individual differences; negotiator behaviors; negotiator strategies

Article.  9003 words. 

Subjects: Psychology ; Organizational Psychology ; Social Psychology

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