The Five Tool Negotiator

The Complete Guide to Bargaining Success

Russell Korobkin

Publisher: Liveright Publishing, 2021, 292 pages

ISBN: 978-1-324-09151-6

Keywords: Sales

Last modified: May 27, 2022, 3:21 p.m.

The Five Tool Negotiator stands apart in a category saturated with breezy, self-help volumes as a compulsive readable account for anyone anywhere looking to improve their dealing skills — from the flea market to the C-suite. Honed by decades of experience, renowned UCLA law professor Russell Korobkin breaks the negotiation process down into five easily accessible steps: Bargaining, Zone Analysis, Persuasion, Deal Design, Power, and Fairness Norms. Along the way, concepts from the disparate fields of psychology, economics, and game theory are brought to life through fascinating anecdotes and social science experiments. "Well-researched and lively" (G. Richard Shell, author of Bargaining for Competitive Advantage), this game-changing, universal approach promises to change the art of bargaining strategy.

  • Tool #1 Bargaining Zone Analysis
    1. A Tale of Two Pitchers
    2. Decision Analysis 101
    3. Advanced Decision Analysis I: Investigating Plan B
    4. Advanced Decision Analysis II: Comparing the Differences
    5. The Other Side of the Bargaining Room
    6. Then What?
    7. Who Goes First?
  • Tool #2 Persuasion
    1. We Are All Salespeople
    2. Thinking Fast
    3. Two Sides of the Same Coin
    4. One Size Doesn't Fit All
    5. Compared to What?
    6. Dropping Another
    7. Losses versus Gains
    8. Rose-Colored Glasses
    9. Prominence and Probability
    10. Following the Crowd
    11. Wanting What We Can't Have
    12. Preferences about Preferences
    13. The Likability Bonus
  • Tool #3 Deal Design
    1. Creativity in Negotiation
    2. Wine, Wool, and the Wealth of Nations
    3. Roulez les Bon Temps
    4. Divide and Subtract
    5. Logrolling
    6. Solving the "Lemons" Problem
    7. Discouraging Shirking
  • Tool #4 Power
    1. Hard Bargaining at the Olympics
    2. A Beautiful Mind
    3. Bluffing
    4. Playing "Chicken"
    5. Reputation and Rationality on the High Seas
    6. Warm Lemonade and the Power of Patience
  • Tool #5 Fairness Norms
    1. Ultimatum and Dictators
    2. Distributive Justice
    3. Convention
    4. The Role of Market Price
    5. Points of Comparison
    6. Dancing through the Bazaar
    7. Where You Stand Depends (Sometimes) on Where You Sit
  • Using the Toolkit
    1. A Complete Set of Tools
    2. Using the Five Tools Together: An Example
    3. The Orientation Decision
    4. Negotiation as a Prisoner's Dilemma
    5. Who and When to Trust
    6. Trust-Building Strategies
    7. The Importance of the Stakes
  • CODA
    1. How to Continually Improve Your Skills