Negotiation looks on the outside to be extremely difficult. But if you're confident enough to have some patience from the outset, it's as simple as telling the other person to "take it or leave it."
If you want to be an expert negotiator — or even a savvy game theorist — you must master one thing. Patience. Kevin Zollman, a professor at Carnegie Mellon and one of the leading game theorists in America today, offers us some insight into how to gain the upper hand when it comes to negotiating. Game theory comes in handy in many facets of life, from buying a car to asking for a raise. Zollman even goes as far to tell us not only how to attain negotiating power but how to sustain it, by simply telling the other other party to "take it or leave it." Kevin Zollman and Paul Raeburn are the authors of The Game Theorist's Guide to Parenting: How the Science of Strategic Thinking Can Help You Deal with the Toughest Negotiators You Know--Your Kids.
Sometimes the best strategy is to think completely outside the box. Or not have a strategy at all.
If you want to win, it's best to think crazy like a fox. Nobody knows this better than Kevin Zollman — a nationally recognized expert in game theory and associate professor of philosophy at Carnegie Mellon University — who suggests that perhaps the best way to get ahead of your opponent is to think completely counterintuitively. This works especially well in poker, where breaking the flow (say, bluffing when you have nothing) can keep your foes from guessing your next move. A little dose of crazy goes a long way. Zollman is the co-author of The Game Theorist's Guide to Parenting: How the Science of Strategic Thinking Can Help You Deal with the Toughest Negotiators You Know — Your Kids, with Paul Raeburn.
Want to tax corporations without scaring them off, outsmart a calculating kid, or get rid of the world's nuclear warheads? Think like a game theorist.
I want something from you. You want something from me. How will we act out those agendas in a strategic situation? Unravelling and understanding this scenario is how game theorists make a living. Economist Roger Myerson, who co-won the Nobel Prize for his foundational work on game theory, defines it as "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers," and while the theory was born in the field of economics, it by no means stayed there. Today, game theory can be applied to everything from biology and international relations, to interpersonal relations like friendship and parenting. Here, philosopher and game theorist Kevin Zollman applies the science of strategic thinking to three questions: how can a parent get a kid to clean their room, how can we reduce the number of nuclear warheads in the world, and most pertinently in America at this moment: how would a game theorist respond to the Trump administration's corporate tax cuts? Kevin Zollman and Paul Raeburn are the authors of
Kevin Zollman is an associate professor in the Department of Philosophy at Carnegie Mellon University. He is also an associate fellow at the Center for Philosophy of Science at the University of Pittsburgh, visiting professor at the Munich Center for Mathematical Philosophy (part of Ludwig-Maximilians Universität), and an associate editor of the journal Philosophy of Science. His research focuses on game theory, agent based modeling, and the philosophy of science. Zollman is the co-author of The Game Theorist's Guide to Parenting: How the Science of Strategic Thinking Can Help You Deal with the Toughest Negotiators You Know--Your Kids, with Paul Raeburn.