Tuesday, September 26, 2017 Text is available under the CC BY-SA 3.0 licence.

Howard Raiffa


Helped found and was the first director of the International Institute for Applied Systems Analysis.
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Howard Raiffa
Disputants often fare poorly when they each act greedily and deceptively.
Raiffa quotes
The party that negotiates in haste is often at a disadvantage.
Raiffa
The need is not for the creation of new analytical techniques specially designed for the negotiation process, but rather for the creative use of analytical thinking that exploits existing techniques.




Raiffa Howard quotes
Ideas are incestuous.
Raiffa Howard
Each party tended to view its own chances in court as better than the other side viewed them.
Howard Raiffa quotes
Game theory, however, deals only with the way in which ultrasmart, all knowing people should behave in competitive situations, and has little to say to Mr. X as he confronts the morass of his problem.
Howard Raiffa
The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.
Raiffa Howard quotes
There is no shortage of disputes.
Raiffa
" the mediation of internal conflicts can be resolved by linkages with other problems."
Raiffa Howard
We act like a zero-sum society, when in reality there is a lot of non zero-sum fat to be skimmed off to everyone's mutual advantage.
Howard Raiffa
A final word of advice: don't gloat about how well you have done.




Howard Raiffa quotes
After a little reflection, the best strategy becomes clear: bid aggressively up to a maximum cutoff value and then quit.
Howard Raiffa
It's worth repeating here, though, because we are talking about mechanisms for resolving conflict and many people don't realize it's impossible to devise a foolproof scheme.
Raiffa quotes
Advice: don't embarrass your bargaining partner by forcing him or her to make all the concessions.
Raiffa Howard
The art of compromise centers on the willingness to give up something in order to get something else in return. Successful artists get more than they give up.
Raiffa Howard quotes
Final-offer arbitration should have great appeal for the daring (the risk seekers) who play against the timid (the risk avoiders).
Howard Raiffa
A lot depends on the starting point.
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