Top 18 Quotes & Sayings by Howard Raiffa

Explore popular quotes and sayings by Howard Raiffa.

Last updated on December 18, 2024.

Howard Raiffa was an American academic who was the Frank P. Ramsey Professor (Emeritus) of Managerial Economics, a joint chair held by the Business School and the Kennedy School of Government at Harvard University. He was an influential Bayesian decision theorist and pioneer in the field of decision analysis, with works in statistical decision theory, game theory, behavioral decision theory, risk analysis, and negotiation analysis. He helped found and was the first director of the International Institute for Applied Systems Analysis.

January 24, 1924 - July 8, 2016

Source: Wikipedia

the mediation of internal conflicts can be resolved by linkages with other problems.

Howard 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.

Howard Raiffa

The party that negotiates in haste is often at a disadvantage.

Howard Raiffa

Ideas are incestuous.

Howard Raiffa

It's easy, of course, for two teams to collude, but somewhat more difficult for twenty-eight

Howard Raiffa

The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.

Howard Raiffa

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

Disputants often fare poorly when they each act greedily and deceptively.

Howard Raiffa

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.

Howard Raiffa

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

There is no shortage of disputes.

Howard Raiffa

Most people, even in simple risky situations, don't behave the way the theory of utility would have them behave.

Howard Raiffa

A final word of advice: don't gloat about how well you have done.

Howard Raiffa

It is always amazing to see how wide a spectrum of results can be obtained from replicating an identical negotiation with different principal actors; it makes no difference whether there subjects are inexperienced or whether they are senior executives and young presidents of business firms. That is an important lesson to be learned here.

Howard Raiffa

Advice: don't embarrass your bargaining partner by forcing him or her to make all the concessions.

Howard Raiffa

A mediator is an impartial outsider who tries to aid the negotiators in their quest to find a compromise agreement.

Howard Raiffa

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.

Howard Raiffa

Top 18 Quotes & Sayings by Howard Raiffa

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