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

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

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

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.

Final-offer arbitration should have great appeal for the daring (the risk seekers) who play against the timid (the risk avoiders).

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

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.