Origin of the winner's curse -- The spectrum auction fiasco -- Hubris and the urge to merge and acquire -- The curse can appear anywhere -- The mad scramble to acquire optical technology -- Dot-coms : on top of the world for a while -- Winners and losers in the securities industry -- Complacency in the computer industry -- Winning is not everything -- Avoiding the winner's curse
Summary
'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
