Best Alternative To A Negotiated Agreement (BATNA)
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Similarly, in negotiations there is another application of opportunity cost called BATNA, which stands for best alternative to a negotiated agreement. If you have a job offer, your BATNA is the best alternative job offer you have in hand, including your current job. You shouldn't accept an offer worse than your BATNA, because you can always take this better alternative offer (which could be the status quo).
From
Chapter:
Spend Your Time Wisely
Section:
You Can Do Anything, But Not Everything
