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Howard Raiffa

(1924–2016) Statistician

18 quotes in 107 categories

Howard Raiffa was a statistician.

Quick Facts About Howard Raiffa

Born: January 24, 1924
Died: July 8, 2016
Profession: Statistician

About Howard Raiffa

[Wikidata] American academic (1924-2016)... | [Wikipedia] Howard Raiffa was an American academic who was the Frank P. Ramsey Professor (Emeritus) of Managerial Economics, a joint chair held by the Business School and Harvard Kennedy School at Harvard University. He was an influential Bayesian decision theorist and pioneer in the field of decision analysis,

Quotes by Howard Raiffa

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

Behave

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

Advice

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

Disadvantages

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The art of compromise centers on the willingness to give up something in order to get something else in return. Successful artists…

Art

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Game theory, however, deals only with the way in which ultrasmart, all knowing people should behave in competitive situations, and has little…

Behave

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There is no shortage of disputes.

Disputes

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Advice: don't embarrass your bargaining partner by forcing him or her to make all the concessions.

Advice

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We act like a zero-sum society, when in reality there is a lot of non zero-sum fat to be skimmed off to…

Advantage

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It is always amazing to see how wide a spectrum of results can be obtained from replicating an identical negotiation with different…

Actors

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

Adventure

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Ideas are incestuous.

Ideas

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the mediation of internal conflicts can be resolved by linkages with other problems.

Conflict

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The need is not for the creation of new analytical techniques specially designed for the negotiation process, but rather for the creative…

Creation

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

Courses

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A lot depends on the starting point.

Depends

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

Appeals

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

Advice

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

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