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Appeals Quote by Howard Raiffa

“Final-offer arbitration should have great appeal for the daring (the risk seekers) who play against the timid (the risk avoiders).” quote by Howard Raiffa
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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).”

Howard Raiffa

About This Quote

Risk‑seeking participants may favor final‑off arbitration, while risk‑averse individuals prefer certainty.

In simple terms: Risk takers like final‑off arbitration.

Key Takeaway

Choose arbitration matching risk appetite.

Themes

risk negotiation decision making

Mood

analytical cautious

Type

philosophical strategic

When to use this quote

  • business contracts
  • legal settlements
  • investment decisions

Key Concepts

economics game theory behavioral finance

Questions to Reflect On

  • Are you comfortable with high‑risk arbitration?
  • What safeguards can protect the timid?
A Different Perspective

Risk‑averse may miss upside opportunities.

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