What economic and negotiation lessons can we learn from Star Wars? In this episode, we analyze a pivotal scene from The Mandalorian where Greef Karga renegotiates Mando’s bounty payment—cutting it in half!
Join us as we break down this short but rich scene with Noam Ebner, a professor of negotiations and conflict resolution at Creighton University. We explore key concepts in Game Theory, bargaining strategies, and the economics of trust.
Key takeaways from this video:
1️⃣ The "hold-up problem" in economics and how it plays out in the Star Wars universe.
2️⃣ Repeated game dynamics—why trust and long-term relationships matter.
3️⃣ Insights from the Trust Game: why Mando might still accept the reduced payment.
4️⃣ Market limitations and the role of hierarchy in Mando’s decisions.
5️⃣ A fascinating contrast between Mando’s usual no-negotiation style and his respect for the bounty guild's ritual dynamics.