Negotiation skills

Please solve fast one hour!

1 - Negotiation Skills A. In one experiment some participants were asked whether they would prefer a sum of money or the mug at various possible dollar levels. Based on their responses, it could be determined that they assigned an average value of just over $3.00 to the mug. Other participants were asked to value the mug as a potential buyer, the average value they assigned to the mug was just under $3.00. Members of a third group were actually given the mug and then asked if they would sell the mug for various amounts. Their answers indicated that they placed a value of more than $7.00 on the mug 7 Thus, the simple act of possessing something seems to in-duce people to elevate its perceived value, even when its actual value is known, Given the above case and your understanding of framing, analyse the above. Give another practical example and show how a mistaken analysis can change a negotiation? 100 words (3 marks) B Given the concept of perception, provide your own critical analysis of the in class video tackling the perception bias. Make sure to be specific in addressing the bias. 100 words (2 marks) 1 - Negotiation Skills A. In one experiment some participants were asked whether they would prefer a sum of money or the mug at various possible dollar levels. Based on their responses, it could be determined that they assigned an average value of just over $3.00 to the mug. Other participants were asked to value the mug as a potential buyer, the average value they assigned to the mug was just under $3.00. Members of a third group were actually given the mug and then asked if they would sell the mug for various amounts. Their answers indicated that they placed a value of more than $7.00 on the mug 7 Thus, the simple act of possessing something seems to in-duce people to elevate its perceived value, even when its actual value is known, Given the above case and your understanding of framing, analyse the above. Give another practical example and show how a mistaken analysis can change a negotiation? 100 words (3 marks) B Given the concept of perception, provide your own critical analysis of the in class video tackling the perception bias. Make sure to be specific in addressing the bias. 100 words (2 marks)