Search Results for "the-winner-s-curse"

Common Value Auctions and the Winner's Curse

Common Value Auctions and the Winner's Curse

  • Author: John H. Kagel,Dan Levin
  • Publisher: Princeton University Press
  • ISBN: 9781400830138
  • Category: Business & Economics
  • Page: 424
  • View: 7093
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Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the same to all bidders, but different bidders have different information about the underlying value. Virtually all auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet companies such as eBay. Winners end up cursing when they realize that they won because their estimates were overly optimistic, which led them to bid too much and lose money as a result. The authors first unveil a fresh survey of experimental data on the winner's curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as the spectrum rights (air wave) auctions that continue to be conducted around the world. The remaining chapters gauge the impact on sellers' revenue of the type of auction used and of inside information, show how bidders learn to avoid the winner's curse, and present comparisons of sophisticated bidders with college sophomores, the usual guinea pigs used in laboratory experiments. Appendixes refine theoretical arguments and, in some cases, present entirely new data. This book is an invaluable, impeccably up-to-date resource on how auctions work--and how to make them work.

The Winner's Curse

The Winner's Curse

Paradoxes and Anomalies of Economic Life

  • Author: Richard Thaler
  • Publisher: Simon and Schuster
  • ISBN: 1451697872
  • Category: Business & Economics
  • Page: 240
  • View: 5995
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Winner of the Nobel Memorial Prize in Economic Sciences Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers—they pay too much and suffer the "winner's curse"—why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them.

The Winner's Curse

The Winner's Curse

  • Author: Marie Rutkoski
  • Publisher: A&C Black
  • ISBN: 1408858215
  • Category: Juvenile Fiction
  • Page: 368
  • View: 4492
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As a general's daughter in a vast empire that revels in war and enslaves those it conquers, Kestrel has two choices: she can join the military or get married. Kestrel has other ideas. One day, she is startled to find a kindred spirit in Arin, a young slave up for auction. Following her instinct, Kestrel buys him - and for a sensational price that sets the society gossips talking. It's not long before she has to hide her growing love for Arin. But he, too, has a secret and Kestrel quickly learns that the price she paid for him is much higher than she ever could have imagined. The first novel in a stunning new trilogy, The Winner's Curse is a story of romance, rumours and rebellion, where dirty secrets and careless alliances can be deadly – and everything is at stake.

Valuation

Valuation

Avoiding the Winner's Curse

  • Author: Kenneth R. Ferris,Barbara S. Pécherot Petitt
  • Publisher: FT Press
  • ISBN: 9780130348043
  • Category: Business & Economics
  • Page: 225
  • View: 9210
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InValuation: Avoiding the Winner's Curse, authors Kenneth R. Ferris and Barbara S. Pecherot Petitt will help you master both the science and the art of M&A valuation. Concise, realistic, and easy to use, it brings together the field's best "rules of thumb," compares every leading traditional and alternative approach, presents examples and case studies from many industries, and offers practical solutions for today's key accounting, reporting, and tax-related challenges.

The Winner's Curse: Chapters 1-5

The Winner's Curse: Chapters 1-5

  • Author: Marie Rutkoski
  • Publisher: Farrar, Straus and Giroux (BYR)
  • ISBN: 1466860359
  • Category: Young Adult Fiction
  • Page: 42
  • View: 5718
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Download the first five chapters of THE WINNER'S CURSE by Marie Rutkoski! Winning what you want may cost you everything you love... As a general's daughter in a vast empire that revels in war and enslaves those it conquers, seventeen-year-old Kestrel has two choices: she can join the military or get married. But Kestrel has other intentions. One day, she is startled to find a kindred spirit in a young slave up for auction. Arin's eyes seem to defy everything and everyone. Following her instinct, Kestrel buys him—with unexpected consequences. It's not long before she has to hide her growing love for Arin. But he, too, has a secret, and Kestrel quickly learns that the price she paid for a fellow human is much higher than she ever could have imagined. Set in a richly imagined new world, The Winner's Curse is a story of deadly games where everything is at stake, and the gamble is whether you will keep your head or lose your heart.

Beware the Winner's Curse

Beware the Winner's Curse

Victories that Can Sink You and Your Company

  • Author: G. Anandalingam,Henry C. Lucas
  • Publisher: Oxford University Press on Demand
  • ISBN: 0195177401
  • Category: Business & Economics
  • Page: 242
  • View: 8714
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'Beware the Winner's Curse' shows how hubris and badly aligned financial incentives lead managers to aggressively pursue victories, and end up worse off as a result. It explores recent disasters in business, sports, and entertainment, and offers concrete steps that managers can take to avoid encountering the curse.

The Winner's Curse in Bilateral Negotiations

The Winner's Curse in Bilateral Negotiations

  • Author: William Samuelson,Max H. Bazerman,Sloan School Of Management
  • Publisher: Sagwan Press
  • ISBN: 9781377033952
  • Category: History
  • Page: 108
  • View: 7427
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

The Winner's Crime

The Winner's Crime

  • Author: Marie Rutkoski
  • Publisher: Farrar, Straus and Giroux (BYR)
  • ISBN: 0374384711
  • Category: Young Adult Fiction
  • Page: 416
  • View: 385
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Following your heart can be a crime A royal wedding is what most girls dream about. It means one celebration after another: balls, fireworks, and revelry until dawn. But to Kestrel it means living in a cage of her own making. As the wedding approaches, she aches to tell Arin the truth about her engagement: that she agreed to marry the crown prince in exchange for Arin's freedom. But can Kestrel trust Arin? Can she even trust herself? For Kestrel is becoming very good at deception. She's working as a spy in the court. If caught, she'll be exposed as a traitor to her country. Yet she can't help searching for a way to change her ruthless world . . . and she is close to uncovering a shocking secret. This dazzling follow-up to The Winner's Curse reveals the high price of dangerous lies and untrustworthy alliances. The truth will come out, and when it does, Kestrel and Arin will learn just how much their crimes will cost them.

The Winner's Kiss

The Winner's Kiss

  • Author: Marie Rutkoski
  • Publisher: Bloomsbury Publishing
  • ISBN: 1408858754
  • Category: Juvenile Fiction
  • Page: 496
  • View: 1999
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Following the intrigue and danger of The Winner's Curse and the revolution and romance of The Winner's Crime, Kestrel finds herself in the tundra's mines and Arin has sailed home. The empire seems unstoppable. Lies will come undone, and Kestrel and Arin will learn just how much their crimes will cost them in this third and final installment in the heart-stopping Winner's trilogy.

Experimental Economics

Experimental Economics

  • Author: Douglas D. Davis,Charles A. Holt
  • Publisher: Princeton University Press
  • ISBN: 9780691043173
  • Category: Business & Economics
  • Page: 572
  • View: 7297
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A small but increasing number of economists have begun to use laboratory experiments to evaluate economic propositions under carefully controlled conditions. Experimental Economics is the first comprehensive treatment of this rapidly growing area of research. While the book acknowledges that laboratory experiments are no panacea, it argues cogently for their effectiveness in selected situations. Covering methodological and procedural issues as well as theory, Experimental Economics is not only a textbook but also a useful introduction to laboratory methods for professional economists. Although the authors present some new material, their emphasis is on organizing and evaluating existing results. The book can be used as an anchoring device for a course at either the graduate or advanced undergraduate level. Applications include financial market experiments, oligopoly price competition, auctions, bargaining, provision of public goods, experimental games, and decision making under uncertainty. The book also contains instructions for a variety of laboratory experiments.