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Would you play the coin flip game?
During Christmas holidays, you visit a casino with some of your friends. At one table, you come across a coin flip game. The rules are very simple for this game unlike Blackjack game.
Flip a coin, heads you win $100, tails you lose $50.
You don't like to gamble and you had also declared this before entering the casino.
What is your plan to play now?
Photo Adaptation /Flickr/59937401@N07
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Negotiation is an important life skill
We negotiate most of our waking hours. We negotiate with our team members, colleagues, bosses and vendors at work, with our kids, spouse and parents at home. We negotiate during buying or selling of an asset e.g. house, car and also conflict resolution and during salary negotiations. Negotiation is an important life skill and it contributes to our success.
If we do not negotiate well or don’t negotiate at all then there is a big chance that we are going to leave money on the table, which could have been ours. We often don’t negotiate because we feel it is inappropriate or feel uncomfortable and fear it.
“You don't get what you deserve. You get what you negotiate.” Chester Karrass
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