![]() |
| I said one piece of chocolate, Mr. Khamenei, and that's it! |
In between the news organizations’ estimates of “Omaha”
counts predicted to come from Peyton Manning this weekend, you may have
actually heard some real news – the US is in talks with Iran over their
potential creation of nuclear bomb technology. The two sides are locked in deep
negotiations. My recommendation for Secretary of State John Kerry? Try Candy.
But only at the right time.
All parents know a principle that diplomats use all the time
– leverage. Here it is in a
nutshell: leverage is when you have an advantage over your negotiating partner.
For example:
Russia: “I have a huge army and
would like you to buy our oil, what do you think?”
Ukraine: “Oh yes, we certainly
agree. Very fair.”
Here’s an example of leverage gone awry:
Dad: “Here, son, have some candy.”
[Child munches on candy]
Dad: “And now, since I was such a
generous and loving father, I’m sure you won’t mind cleaning your room in
thanks.”
Son: “Screw you, Dad!”
[Child proceeds to damage every
piece of furniture in the house with a toy airplane]
Never, ever pass up an opportunity for leverage. This is a
standard negotiating tactic: always get something for what you get. “Can I play
Wii?” is a brilliant opportunity to extract some value.
Similarly, never give leverage when you don’t have to. Somehow,
we seem to forget this lesson all the time. “You promise if I let you order
dessert you’ll be good on the car ride home?” is a regular slip. “Oh yes, oh
yes” the children promise “would we lie to you?” they say, winking, and you can
almost see the twinkle off their gold tooth. 20 minutes later we’re screaming
at them in the back seat, reminding them of their promise. Remember, guilt is
not leverage. Guilt has no impact on these children.
Instead, if you’re ever in a position of having to act first
on the promise of future results, remember a principle important in finance: future value discounting. Remember J.
Wellington Wimpy from the Popeye cartoons “I’ll gladly pay you Tuesday for a
hamburger today?” No, no, no. If you buy a sofa today with cash rather than
take their “pay later” deal, you should get it for less, right? Same thing with
kids. Except, here’s the deal. The discount factor for that couch is probably
15%. The kids discount factor needs to be, like, 1000. So if they promise you
good behavior for a day, expect maybe 10 minutes. Factor those 10 minutes into
your value calculation for that ice cream they want.
Unfortunately the children have a way of creating leverage
out of nothing. It’s called: whining. And they are expert at knowing how to
maximize that leverage: whine in public places, loudly. Embarrass your mother
in the checkout line, and some portion of the time she might actually buy that
candy bar. And god is it tempting to pay off the whining. But this only
reinforces the tactic. It emboldens them to whine harder and longer next time
and makes it even harder to say no. Don’t let your children know this works. Never negotiate with terrorists.
I’ve written before about the amazing positive impact ofsticker charts in our home. Sticker chart something and the problem goes away
almost overnight. And here’s a great thing – the prize they earn at the end of
the week can still be held out for more of the behavior you want. “If you want
the toy you’ve earned, you have to be good in church.” This is called extortion, and it is an important tool
in the parents’ toolkit. “That’s not fair!” the children scream, and they’re
right. Ignore the tugs on your conscious. Remember how fair they’ll be the next
time you cut a deal.
The children are like rogue actors. They’re not rich and
powerful on the household stage, so they have to use a more creative tool set
to forward their agenda. And they know you are a diminished version of your
former self. Sure, you have the nuclear arsenal, but you are never going to use
it. You’re never going to win if this thing goes to protracted land war, but if
you artfully use the tools outlined above, you can at least steer the family to
a relatively stable détente.

No comments:
Post a Comment