“After a little reflection, the best strategy becomes clear: bid aggressively up to a maximum cutoff value and then quit.”

Part II, Chapter 6, The Role of Time, p. 87.
The Art and Science of Negotiation (1982)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "After a little reflection, the best strategy becomes clear: bid aggressively up to a maximum cutoff value and then quit." by Howard Raiffa?
Howard Raiffa photo
Howard Raiffa 21
American academic 1924–2016

Related quotes

Samuel R. Delany photo

“Honesty is the best policy; a policy is, after all, a strategy for living in the polis — in the city …”

Source: The Mad Man (1994), p. 67; ellipses in the original

Randy Pausch photo
Jimmy Carter photo

“History teaches, perhaps, very few clear lessons. But surely one such lesson learned by the world at great cost is that aggression, unopposed, becomes a contagious disease.”

Jimmy Carter (1924) American politician, 39th president of the United States (in office from 1977 to 1981)

Speech on Afghanistan (4 January 1980) http://millercenter.org/president/carter/speeches/speech-3403
Presidency (1977–1981), 1978

Ai Weiwei photo
Teal Swan photo

“If the discount parameter, w, is sufficiently high, there is no best strategy independent of the strategy used by the other player.”

Chap. 1 : The Problem of Cooperation
Proposition 1.
The Evolution of Cooperation (1984; 2006)

Related topics