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Beware the Winner's Curse shows how hubris and badly aligned financial incentives lead managersto 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.
In this book, the authors have used an interesting approach in teaching some of the lessons learned in the technology downturn of the early twenty-first century. Beware the Winner's Curse gives us alternative ways of thinking of asset values before we overpay for these assets Joseph J. Bonocore, President & CEO, Impresa Technologies, Inc.