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  • The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities.

    Howard Raiffa
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    Howard Raiffa (1982). “The Art and Science of Negotiation”, p.31, Harvard University Press
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The best practical advice then is: try to maximize your expected payoff, which is the sum of all payoffs multiplied by probabilities. - Howard Raiffa
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