#119 Todd Simkin: Making Better Decisions
The Knowledge Project with Shane Parrish
00:00
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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