Winner's Curse Applet
Edit Page
Report
Scan day: 17 February 2014 UTC
9
Virus safety - good
Description: Discussion of and applet demonstrating the winner's curse. The applet allows one to try different bidding strategies, and simulates results, calculating expected payoffs.
Game Theory .net - Winner's Curse Applet Interactive applets on Game Theory How much should you offer for a company of uncertain valuation? This applet demonstrates the winner's curse. You are the Chief Financial Officer for your firm. Your firm is considering making a takeover offer for a small, privately-held Internet startup. The "true" value, V, of the shares of the startup are known with certainty only to its management. However, valuing Internet startups is quite challenging, and you only know that the shares are worth somewhere between $0 and $1000 per block of shares, and each possible value has equal probability. So, as far as you are concerned, someone has thrown a 1001 sided die, with each face having an integer between 0 and 1000, to determine the share value, V, and the outcome of this toss of the die was observed by the startup's management but not by you.
Size: 907 chars
Contact Information
Email: —
Phone&Fax: —
Address: —
Extended: —
WEBSITE Info
| Page title: | Game Theory .net - Winner's Curse Applet |
| Keywords: | Game Theory Business Strategy Bayes Rule online applet simulation |
| Description: | Simulation of Winner's Curse. Part of Mike Shor's lecture notes for a course in Game Theory. |
| IP-address: | 129.59.210.198 |
WHOIS Info
| NS | Name Server: NS13.DOMAINCONTROL.COM Name Server: NS14.DOMAINCONTROL.COM |
| WHOIS | Status: clientDeleteProhibited Status: clientRenewProhibited Status: clientTransferProhibited Status: clientUpdateProhibited |
| Date | Creation Date: 17-may-2001 Expiration Date: 17-may-2015 |