Negotiation

Black Swan Theory in Negotiation: Finding Hidden Leverage

12 min read

Black Swans in negotiation are pieces of information that, once discovered, completely change the entire dynamic and outcome of the negotiation. Chris Voss borrowed the term from Nassim Taleb’s work on unpredictable high-impact events to describe unknown unknowns in negotiation: things you do not know that you do not know, but which, when revealed, transform what is possible. These are not the normal issues you prepare for or the obvious points of leverage. They are hidden motivations, unstated constraints, unknown relationships, or unexpected opportunities that are invisible until discovered but become game-changers once revealed. The concept matters because most negotiation...

Members Only
At Least Scholar Access Required
This article is available to Scholar and Master members. Join the Library to access the full archive.
← Back to Negotiation