Author: Dee Walker
Publisher: Sristhi Publishers & Distributors
ISBN: 9382665242
Category : Fiction
Languages : en
Pages : 296
Book Description
Power does not corrupt. Fear corrupts... perhaps the fear of a loss of power. –John Steinbeck Orphan Harsh makes it to the billionaire club with a burning vision, sheer intellect and the blessings of his political Godfather. The favours must now be paid back, through a huge Guru Dakshina. To honour his Master's wish, Harsh, with the help of his fellow IITians, sets out to create a never-seen-before governance technology that will change the face of democratic India. Everything is at stake: money, reputations, egos and morals. Even lives. Will they succumb to insatiable greed in the murky games of politics, backstabbing and subterfuge, or will they be redeemed by the “Ten Commandments” that once forged their ideals at college? If you thought that supreme technology and unalloyed power can bring lasting public good, or that e-governance and transparency can address the ills of our system, The Winner's Curse will force you to think again. For, ultimately, what's at stake is: YOU. The Winner's Curse: the turbulent voyage of talent and intellect in the morass of turpitude.
Beware the Winner's Curse
Author: G. Anandalingam
Publisher: Oxford University Press
ISBN: 0198039441
Category : Business & Economics
Languages : en
Pages : 257
Book Description
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. In this book, G. Anandalingam and Henry C. Lucas, Jr. expand the model of the Winner's Curse to explain how companies like Tyco, MCI-WorldCom and Bank One overpaid for acquisitions, and how shareholders suffered as a result. They elucidate the disasters that happened during the rush to acquire new technologies and illuminate the reasons that companies that were seemingly pioneers in the dot-com era fell by the wayside. Beginning by exploring the psychological, personal and market factors that can encourage a decision maker to overvalue an asset and experience the Winner's Curse, the book goes on to examine several case studies, including the disastrous wireless spectrum auctions that have devastated the telecommunications industry, and the dot-com bust. It concludes by discussing ways to avoid the Winner's Curse, calling for major changes in the behavior of CEOs and members of boars of directors, as well as the use of powerful techniques for analyzing decisions, including a systems approach to decision making, scenario analysis and game theory.
Publisher: Oxford University Press
ISBN: 0198039441
Category : Business & Economics
Languages : en
Pages : 257
Book Description
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. In this book, G. Anandalingam and Henry C. Lucas, Jr. expand the model of the Winner's Curse to explain how companies like Tyco, MCI-WorldCom and Bank One overpaid for acquisitions, and how shareholders suffered as a result. They elucidate the disasters that happened during the rush to acquire new technologies and illuminate the reasons that companies that were seemingly pioneers in the dot-com era fell by the wayside. Beginning by exploring the psychological, personal and market factors that can encourage a decision maker to overvalue an asset and experience the Winner's Curse, the book goes on to examine several case studies, including the disastrous wireless spectrum auctions that have devastated the telecommunications industry, and the dot-com bust. It concludes by discussing ways to avoid the Winner's Curse, calling for major changes in the behavior of CEOs and members of boars of directors, as well as the use of powerful techniques for analyzing decisions, including a systems approach to decision making, scenario analysis and game theory.
The Winner's Curse...
Author: Dee Walker
Publisher: Sristhi Publishers & Distributors
ISBN: 9382665242
Category : Fiction
Languages : en
Pages : 296
Book Description
Power does not corrupt. Fear corrupts... perhaps the fear of a loss of power. –John Steinbeck Orphan Harsh makes it to the billionaire club with a burning vision, sheer intellect and the blessings of his political Godfather. The favours must now be paid back, through a huge Guru Dakshina. To honour his Master's wish, Harsh, with the help of his fellow IITians, sets out to create a never-seen-before governance technology that will change the face of democratic India. Everything is at stake: money, reputations, egos and morals. Even lives. Will they succumb to insatiable greed in the murky games of politics, backstabbing and subterfuge, or will they be redeemed by the “Ten Commandments” that once forged their ideals at college? If you thought that supreme technology and unalloyed power can bring lasting public good, or that e-governance and transparency can address the ills of our system, The Winner's Curse will force you to think again. For, ultimately, what's at stake is: YOU. The Winner's Curse: the turbulent voyage of talent and intellect in the morass of turpitude.
Publisher: Sristhi Publishers & Distributors
ISBN: 9382665242
Category : Fiction
Languages : en
Pages : 296
Book Description
Power does not corrupt. Fear corrupts... perhaps the fear of a loss of power. –John Steinbeck Orphan Harsh makes it to the billionaire club with a burning vision, sheer intellect and the blessings of his political Godfather. The favours must now be paid back, through a huge Guru Dakshina. To honour his Master's wish, Harsh, with the help of his fellow IITians, sets out to create a never-seen-before governance technology that will change the face of democratic India. Everything is at stake: money, reputations, egos and morals. Even lives. Will they succumb to insatiable greed in the murky games of politics, backstabbing and subterfuge, or will they be redeemed by the “Ten Commandments” that once forged their ideals at college? If you thought that supreme technology and unalloyed power can bring lasting public good, or that e-governance and transparency can address the ills of our system, The Winner's Curse will force you to think again. For, ultimately, what's at stake is: YOU. The Winner's Curse: the turbulent voyage of talent and intellect in the morass of turpitude.
The Winner's Curse
Author: Marie Rutkoski
Publisher: A&C Black
ISBN: 1408858215
Category : Young Adult Fiction
Languages : en
Pages : 369
Book Description
THE FIRST BOOK IN THE HEART-STOPPING WINNER'S TRILOGY: an irresistible story of forbidden romance and class warfare 'Every line in The Winner's Curse is beautifully written. The story is masterfully plotted. The characters' dilemmas fascinated me and tore at my heart... I loved it. I want more.' Kristin Cashore, author of the Graceling Realm books 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, 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 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.
Publisher: A&C Black
ISBN: 1408858215
Category : Young Adult Fiction
Languages : en
Pages : 369
Book Description
THE FIRST BOOK IN THE HEART-STOPPING WINNER'S TRILOGY: an irresistible story of forbidden romance and class warfare 'Every line in The Winner's Curse is beautifully written. The story is masterfully plotted. The characters' dilemmas fascinated me and tore at my heart... I loved it. I want more.' Kristin Cashore, author of the Graceling Realm books 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, 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 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.
Common Value Auctions and the Winner's Curse
Author: John H. Kagel
Publisher: Princeton University Press
ISBN: 0691218951
Category : Business & Economics
Languages : en
Pages : 419
Book Description
An invaluable account of how auctions work—and how to make them work 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.
Publisher: Princeton University Press
ISBN: 0691218951
Category : Business & Economics
Languages : en
Pages : 419
Book Description
An invaluable account of how auctions work—and how to make them work 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
Author: Richard H. Thaler
Publisher: Simon and Schuster
ISBN: 1451697872
Category : Business & Economics
Languages : en
Pages : 291
Book Description
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.
Publisher: Simon and Schuster
ISBN: 1451697872
Category : Business & Economics
Languages : en
Pages : 291
Book Description
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 Crime
Author: Marie Rutkoski
Publisher: Farrar, Straus and Giroux (BYR)
ISBN: 0374384711
Category : Young Adult Fiction
Languages : en
Pages : 417
Book Description
The Winner's Crime, the dazzling follow-up to Marie Rutkoski's The Winner's Curse, reveals the high price of dangerous lies and untrustworthy alliances. 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. The truth will come out, and when it does, Kestrel and Arin will learn just how much their crimes will cost them.
Publisher: Farrar, Straus and Giroux (BYR)
ISBN: 0374384711
Category : Young Adult Fiction
Languages : en
Pages : 417
Book Description
The Winner's Crime, the dazzling follow-up to Marie Rutkoski's The Winner's Curse, reveals the high price of dangerous lies and untrustworthy alliances. 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. The truth will come out, and when it does, Kestrel and Arin will learn just how much their crimes will cost them.
The Secret Strategies of Marketing
Author: Shah Mohammed
Publisher: D-Cube Designs
ISBN:
Category : Business & Economics
Languages : en
Pages : 308
Book Description
Unveiling the Psychology Behind Brand Success: Exploring Cognitive Biases in Marketing. Are you ready to discover the hidden keys to crafting irresistible marketing campaigns and decoding consumer decisions? Dive into the world of cognitive biases and their profound impact on branding and advertising with “The Secret Strategies of Marketing: How Brands Harness Cognitive Biases to Capture Hearts and Wallets.” Why This Book Matters: In a world bombarded by marketing messages, understanding the psychology that underpins consumer behaviour is the ultimate game-changer. Whether you’re a marketer, entrepreneur, business owner, or an inquisitive consumer, this book unravels the mysteries behind why certain brands resonate deeply while others remain forgettable. Your Guide to Cognitive Biases: This comprehensive guide explores a treasure trove of cognitive biases, from the well-known to the lesser-explored, offering profound insights into their applications and impact. From the allure of familiarity to the power of scarcity, you’ll journey through a spectrum of biases that influence every purchase decision. What’s in Store: Get ready to dive into the fascinating world of cognitive biases and marketing. Explore a rich array of biases, including but not limited to: The Zeigarnik Effect: How unfinished experiences captivate attention. The Decoy Effect: How an irrelevant option can shape choices. Confirmation Bias: Why consumers seek information that confirms their beliefs. Reciprocity Bias: How giving creates lasting brand loyalty. And many more that shape consumer perceptions, choices, and loyalties. Empower Your Marketing Strategy: Armed with these insights, you’ll wield the power to: Craft campaigns that resonate on a deeper emotional level. Build brand loyalty that stands the test of time. Develop messaging that captivates and converts. Navigate the fine line between persuasion and manipulation. Innovate marketing strategies that speak to the heart of consumer desires. Unlock Brand Success: It’s time to unlock the hidden doors to brand success. With “The Secret Strategies of Marketing,” you’ll emerge equipped with the knowledge and techniques to revolutionize your marketing approach, resonate deeply with your audience, and forge lasting connections that transcend traditional campaigns. Empower Yourself Against Manipulation: But it's not just about the brands -this book empowers you. Whether you're a business owner, marketer, or discerning consumer, understanding cognitive biases is your armour against manipulation. Develop a sharper eye to discern effective marketing from mere manipulation. Order Your Copy Today: Prepare to embark on a journey that redefines your understanding of marketing's potential. This book is more than just pages -It's your guide to unlocking the secrets behind consumer minds, paving the way for brand success like never before.
Publisher: D-Cube Designs
ISBN:
Category : Business & Economics
Languages : en
Pages : 308
Book Description
Unveiling the Psychology Behind Brand Success: Exploring Cognitive Biases in Marketing. Are you ready to discover the hidden keys to crafting irresistible marketing campaigns and decoding consumer decisions? Dive into the world of cognitive biases and their profound impact on branding and advertising with “The Secret Strategies of Marketing: How Brands Harness Cognitive Biases to Capture Hearts and Wallets.” Why This Book Matters: In a world bombarded by marketing messages, understanding the psychology that underpins consumer behaviour is the ultimate game-changer. Whether you’re a marketer, entrepreneur, business owner, or an inquisitive consumer, this book unravels the mysteries behind why certain brands resonate deeply while others remain forgettable. Your Guide to Cognitive Biases: This comprehensive guide explores a treasure trove of cognitive biases, from the well-known to the lesser-explored, offering profound insights into their applications and impact. From the allure of familiarity to the power of scarcity, you’ll journey through a spectrum of biases that influence every purchase decision. What’s in Store: Get ready to dive into the fascinating world of cognitive biases and marketing. Explore a rich array of biases, including but not limited to: The Zeigarnik Effect: How unfinished experiences captivate attention. The Decoy Effect: How an irrelevant option can shape choices. Confirmation Bias: Why consumers seek information that confirms their beliefs. Reciprocity Bias: How giving creates lasting brand loyalty. And many more that shape consumer perceptions, choices, and loyalties. Empower Your Marketing Strategy: Armed with these insights, you’ll wield the power to: Craft campaigns that resonate on a deeper emotional level. Build brand loyalty that stands the test of time. Develop messaging that captivates and converts. Navigate the fine line between persuasion and manipulation. Innovate marketing strategies that speak to the heart of consumer desires. Unlock Brand Success: It’s time to unlock the hidden doors to brand success. With “The Secret Strategies of Marketing,” you’ll emerge equipped with the knowledge and techniques to revolutionize your marketing approach, resonate deeply with your audience, and forge lasting connections that transcend traditional campaigns. Empower Yourself Against Manipulation: But it's not just about the brands -this book empowers you. Whether you're a business owner, marketer, or discerning consumer, understanding cognitive biases is your armour against manipulation. Develop a sharper eye to discern effective marketing from mere manipulation. Order Your Copy Today: Prepare to embark on a journey that redefines your understanding of marketing's potential. This book is more than just pages -It's your guide to unlocking the secrets behind consumer minds, paving the way for brand success like never before.
Putting Auction Theory to Work
Author: Paul Milgrom
Publisher: Cambridge University Press
ISBN: 1139449168
Category : Business & Economics
Languages : en
Pages : 378
Book Description
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.
Publisher: Cambridge University Press
ISBN: 1139449168
Category : Business & Economics
Languages : en
Pages : 378
Book Description
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.
How to Win in a Winner-Take-All World
Author: Neil Irwin
Publisher: St. Martin's Press
ISBN: 125017628X
Category : Business & Economics
Languages : en
Pages : 202
Book Description
From New York Times bestselling author and senior economic correspondent at The New York Times, how to survive—and thrive—in this increasingly challenging economy. Every ambitious professional is trying to navigate a perilous global economy to do work that is lucrative and satisfying, but some find success while others struggle to get by. In an era of remarkable economic change, how should you navigate your career to increase your chances of landing not only on your feet, but ahead of those around you? In How to Win in a Winner-Take-All World, Neil Irwin, senior economic correspondent at the New York Times, delivers the essential guide to being successful in today’s economy when the very notion of the “job” is shifting and the corporate landscape has become dominated by global firms. He shows that the route to success lies in cultivating the ability to bring multiple specialties together—to become a “glue person” who can ensure people with radically different technical skills work together effectively—and how a winding career path makes you better prepared for today's fast-changing world. Through original data, close analysis, and case studies, Irwin deftly explains the 21st century economic landscape and its implications for ambitious people seeking a lifetime of professional success. Using insights from global giants like Microsoft, Walmart, and Goldman Sachs, and from smaller lesser known organizations like those that make cutting-edge digital effects in Planet of the Apes movies or Jim Beam bourbon, How to Win in a Winner-Take-All World illuminates what it really takes to be on top in this world of technological complexity and global competition.
Publisher: St. Martin's Press
ISBN: 125017628X
Category : Business & Economics
Languages : en
Pages : 202
Book Description
From New York Times bestselling author and senior economic correspondent at The New York Times, how to survive—and thrive—in this increasingly challenging economy. Every ambitious professional is trying to navigate a perilous global economy to do work that is lucrative and satisfying, but some find success while others struggle to get by. In an era of remarkable economic change, how should you navigate your career to increase your chances of landing not only on your feet, but ahead of those around you? In How to Win in a Winner-Take-All World, Neil Irwin, senior economic correspondent at the New York Times, delivers the essential guide to being successful in today’s economy when the very notion of the “job” is shifting and the corporate landscape has become dominated by global firms. He shows that the route to success lies in cultivating the ability to bring multiple specialties together—to become a “glue person” who can ensure people with radically different technical skills work together effectively—and how a winding career path makes you better prepared for today's fast-changing world. Through original data, close analysis, and case studies, Irwin deftly explains the 21st century economic landscape and its implications for ambitious people seeking a lifetime of professional success. Using insights from global giants like Microsoft, Walmart, and Goldman Sachs, and from smaller lesser known organizations like those that make cutting-edge digital effects in Planet of the Apes movies or Jim Beam bourbon, How to Win in a Winner-Take-All World illuminates what it really takes to be on top in this world of technological complexity and global competition.
The Price of Fish
Author: Michael Mainelli
Publisher: Hachette UK
ISBN: 1857889517
Category : Business & Economics
Languages : en
Pages : 378
Book Description
The founders of London's leading think tank challenge readers to look at economic analysis in a different way.
Publisher: Hachette UK
ISBN: 1857889517
Category : Business & Economics
Languages : en
Pages : 378
Book Description
The founders of London's leading think tank challenge readers to look at economic analysis in a different way.