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

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

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

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

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.

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

Ideas are incestuous.