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What Should a Manager Do to Become an Effective Negotiator

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What should a manager do to become an effective negotiator?


Definitions:

Posterior Probabilities

Probabilities that are updated after considering new evidence, often used in Bayesian statistics.

Prior Probabilities

The likelihoods allocated to events or hypotheses prior to considering any pertinent evidence.

Likelihood Probabilities

The probability of observing the data given a specific model or parameter value.

Posterior Probabilities

Probabilities that are updated based on new evidence or information, typically used in Bayesian statistics.

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