2min snip

The Knowledge Project with Shane Parrish cover image

#119 Todd Simkin: Making Better Decisions

The Knowledge Project with Shane Parrish

NOTE

Principle of Charity in Negotiation

The principle of charity involves assuming that others are sincere and have good intentions in their actions and words. This principle is crucial in both trading and interpersonal relationships as it helps in avoiding being taken advantage of by those with more information and leads to a more collaborative negotiation process. In negotiations, it is essential to understand that every negotiation is cooperative and that both parties must benefit from the outcome for the negotiation to be successful.

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