Winner's Curse

Challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. The author 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".

Provoaca intelepciunea economica primita prin dezvaluirea multor paradoxuri care abunda chiar si in cele mai minutioase tranzactii construite. Autorul prezinta exemple alfabetizate, provocatoare si adesea amuzante ale unor astfel de anomalii ca motivul pentru care castigatorii la licitatii sunt adesea adevaratii pierzatori - platesc prea mult si sufera „blestemul castigatorului”.