Tag: negotiating
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First Offers and Aggressive Offers: Optimal Negotiating Tactics
When negotiating ensure that you make the first offer and make sure it’s an aggressive one: this is almost always the optimal negotiation strategy. That’s the conclusion from a study looking at negotiation tactics and the anchoring effect (from the same researchers that discovered the optimal starting prices for negotiations and auctions). One of the…
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Clarifying Questions Placate Detractors
Feeling misunderstood and as if we are not being carefully listened to is a reason why conflicts can turn ugly, suggests Psychology Today‘s Professor Todd Kashdan. To prevent ugly, unpleasant arguments (and to resolve uncomfortable negotiations) we should ask simple, clarifying questions: If people show that they are curious and willing to learn more about…
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Optimum Starting Prices for Negotiations and Auctions (and Why)
A high initial offer in negotiations is more likely to lead to a high final price, yet in auctions a low start price is more likely to lead to a high final price. These are the findings of a recent study that attempted to find the optimal starting prices for negotiations and auctions. In negotiations…