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New Zealand are the best team in the world - the execution and accuracy of their skills were a lesson in modern rugby.

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Howard Raiffa

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

People, Simple, Situations, Theory, Way
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A final word of advice: don't gloat about how well you have done.

Advice, Done, Final, Finals, Word

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

Art, Compromise, Giving Up, Successful, Willingness

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

Act, Deceptively, Disputants, Fare, Greedily, Poorly

Ideas are incestuous.

Ideas, Incestuous

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

Advice, Expected, Payoff, Probabilities, Trying
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