Occam’s Razor

The common interpretation of Occam’s Razor is that when all other things are equal, the simplest solution is probably right. More accurately, but in less common use, Occam’s Razor says that one should choose the hypothesis that makes the fewest new assumptions. In either case, Occam’s Razor is a tool Read more…

Negotiation

Negotiation is simply the process of discussing something of mutual interest and agreeing to terms. Negotiations typically involve tradeoffs. One side gives something of value to the other site to get something of value in return. Negotiations may be conducted for a one-time transaction, or for an ongoing relationship. The Read more…