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).”
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.
Choose arbitration matching risk appetite.
Themes
Mood
Type
When to use this quote
- business contracts
- legal settlements
- investment decisions
Key Concepts
Questions to Reflect On
- Are you comfortable with high‑risk arbitration?
- What safeguards can protect the timid?
Risk‑averse may miss upside opportunities.