
Sign up to save your podcasts
Or
In the world of negotiating there are number of classic questions that we all deal with each time we start a negotiation.
One of the biggest is whether or not we should be the ones who make the first offer. The answer to this question is generally “yes” – lots of research has gone into what is called “anchoring bias” and it tells us that no matter what negotiation styles and negotiating techniques are being used, we should be the ones who move first. What is anchoring in negotiation you ask?
In a negotiation centered on either price or another issue, the party who moves first typically benefits by “anchoring” the discussion that follows on their offer—even if the anchor is arbitrary.
In the world of negotiating there are number of classic questions that we all deal with each time we start a negotiation.
One of the biggest is whether or not we should be the ones who make the first offer. The answer to this question is generally “yes” – lots of research has gone into what is called “anchoring bias” and it tells us that no matter what negotiation styles and negotiating techniques are being used, we should be the ones who move first. What is anchoring in negotiation you ask?
In a negotiation centered on either price or another issue, the party who moves first typically benefits by “anchoring” the discussion that follows on their offer—even if the anchor is arbitrary.
35 Listeners