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

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

Ideas are incestuous.

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

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

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.