The Winner’s Curse

Colin Read

Chapter 21 in The Rise and Fall of an Economic Empire, 2010, pp 200-202 from Palgrave Macmillan

Abstract: Abstract There is a winner’s curse that affects all but the most vigilant and disciplined. When one is ahead, especially far ahead, there seems little need to look back. A racer in a comfortable lead does not need to attend to her rear view mirror. Those racing behind are most aware of the leader’s advantage, and of other up-and-comers. The winner’s curse actually bestows an advantage on the upand-coming who recognize winners’ complacency is their Achilles heel.

Keywords: Dominant Culture; Achilles Heel; Economic Empire; Rear View Mirror; Ancient Greek Philosopher (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230297074_22

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