« You know about The Winner’s Curse, right? Any winning bid must be at the high tail of the distribution of bids (b/c it won), meaning the acquirer probably overpaid. »
The Winner’s Curse
« You know about The Winner’s Curse, right? Any winning bid must be at the high tail of the distribution of bids (b/c it won), meaning the acquirer probably overpaid. »
Articles of Interest 