Linda Babcock, George Loewenstein(1997)"Explaining Bargaining Impasse: The Role if Self-Serving Biases”

This is a paper about contract theory. It suggests concept of Self-serving bias, which is fair mind depends on the view(not actually situation), and self interest. This biases occurs when there is asymmetrical view from a person, and lead negotiation to a impasse.

This concept of self-serving biases is useful for explaining contradiction such as reason for effectiveness of job search assistance. This area is between economics and psychology. Through the way of experiment is different, these two science is the same essencially.