Negotiating Rationally

'Based on gobs of evidence with real managers, the authors not only identify common errors that many negotiators make, but offer sage prescriptive advice on how you can avoid such errors yourself and perhaps exploit the errors of others.'

Contents

Preface

Acknowledgments

1 Introduction to Rational Thinking in Negotiation

PART ONE

Common Mistakes in Negotiation

2 The Irrational Escalation of Commitment

3 The Mythical Fixed-Pie

4 Anchoring and Adjustment

5 Framing Negotiations

6 Availability of Information

7 The Winner's Curse

8 Overconfidence and Negotiator Behavior

PART TWO

A Rational Framework for Negotiation

9 Thinking Rationally about Negotiation

10 Negotiations in a Joint Venture: A Case Example

11 Rational Strategies for Creating Integrative Agreements

PART THREE

Simplifying Complex Negotiations

12 Are You an Expert?

13 Fairness, Emotion, and Rationality in Negotiation

14 Negotiating in Groups and Organizations

15 Negotiating Through Third Parties

16 Competitive Bidding: The Winner's Curse Revisited

17 Negotiating Through Action

18 Conclusion: Negotiating Rationally in an Irrational World

Notes

Index