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MIT Sloan Management Review Vol. 67 No. 4 2026

The Trap That Skilled Negotiators Miss

Monica Wadhwa; Krishna Savani

Abstract

In negotiations, first offers act as powerful psychological anchors — and even skilled negotiators struggle to escape them. New research published in the Journal of Experimental Social Psychology finds that adopting a choice mindset when you receive a first offer can reduce anchoring: The simple act of reminding yourself that you can choose any counteroffer expands the range of options you consider, helping you negotiate on your own terms.

DOI
10.63383/ortw6373
Volume
67
Issue
4
Language
en
Sources
crossref openalex

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