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 RaiffaA mediator is an impartial outsider who tries to aid the negotiators in their quest to find a compromise agreement.
Howard RaiffaMost people, even in simple risky situations, don't behave the way the theory of utility would have them behave.
Howard RaiffaIt 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