Beware the Winner's Curse: Victories That Can Sink You and Your Company

by Henry C. Lucas Jr. and G. Anandalingam

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 0195177401
• ISBN13: 9780195177404
• Release Date: November 2004
• Publisher: Oxford University Press
• Length: 256 Pages
• Weight: 1.06 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"