Negotiating
Loss Aversion
Recognizing loss aversion can help you frame negotiations in terms of potential gains and losses to reach more favorable outcomes.
Framing Effect
Understanding the framing effect can help you present your proposals in a more persuasive manner and recognize when others are doing the same.
Similar Situations
Anchoring
Negotiating service contracts: Recognize that the first offer can serve as an anchor, and negotiate based on your research and desired outcomes.
Minto Pyramid
Negotiations: Minto Pyramid can help you structure your negotiation strategy and arguments, leading to better outcomes.
Asch Experiment
Negotiation: Recognizing the potential impact of conformity on decision-making and developing effective negotiation strategies.
SCARF Model
Negotiating with Clients or Vendors: Focusing on fairness and autonomy can lead to mutually beneficial deals.
Decoy Effect
Negotiation: Recognizing the decoy effect can help you negotiate more effectively, by identifying and avoiding potential decoy options and focusing on the factors that truly matter in the negotiation process.
Fundamental Attribution Error
Sales and negotiation: Knowing the fundamental attribution error can help you better understand the motivations and actions of potential clients or partners during sales and negotiation processes.
7-38-55 Rule
Negotiations: Using body language and tone of voice to project confidence, authority, and empathy, leading to more successful outcomes.
Self-Serving Bias
Negotiations: Being aware of self-serving bias can help in finding fairer agreements by acknowledging both sides’ contributions and shortcomings.
Maslow's Hammer
Conflict resolution: Exploring various strategies, like active listening or negotiation, rather than always resorting to assertiveness.
Johari Window
Negotiation Skills: Understanding others' perspectives to reach mutually beneficial agreements.