One that I found effective for me is to just take the child for a car ride and talk.
Some say it's the vibration of the car driving, others say it's the time away from distractions like TV, computers, video games, IPods, etc.
Either way, my kids usually calm down and stop misbehaving after our car ride together. Eye to eye contact helps a lot too.
I've included a photo below of one of my sessions, in case you would like to use this technique.

I love it! Sorry I didn't think of this when my children were young.
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