Cognitive Biases in Negotiation

Cognitive Biases in Negotiation

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Interactive Video

Business

University

Hard

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The video explores various cognitive biases that affect negotiations, such as fixed assumptions, false conflict, escalation of commitment, overconfidence, egocentrism, self-serving bias, framing bias, information availability bias, endowment effect, and reactive devaluation. Understanding these biases is crucial for mitigating their impact and improving negotiation outcomes.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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