Beware the winner's curse Victories that can sink you and your company

In the roaring 1990s, many companies seemed to claim great victories-acquiring another company, obtaining state-of-the art technology, or hiring a potential CEO savior-only to find that they had made a great mistake. The term "Winner's Curse" was coined by economists to explain an eff...

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Bibliografiska uppgifter
Huvudupphovsman: Anandalingam, G.
Övriga upphovsmän: G. Anandalingam; Henry C. Lucas
Språk:Undetermined
English
Publicerad: England,New York Oxford University Press 2004
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Thư viện lưu trữ: Trung tâm Học liệu Trường Đại học Trà Vinh
Beskrivning
Sammanfattning:In the roaring 1990s, many companies seemed to claim great victories-acquiring another company, obtaining state-of-the art technology, or hiring a potential CEO savior-only to find that they had made a great mistake. The term "Winner's Curse" was coined by economists to explain an effect commonly observed in auctions. In such situations, since the winning bidder is usually the most optimistic about the value of the item being auctioned, there is a very good chance that the bid will be more (sometimes much more) than the item is worth. So a company that overvalues a good or service, or bids higher than its value has the potential of experiencing this Winner's Curse
Fysisk beskrivning:242 p.
ill.
25 cm
ISBN:0195177401
9780137135981