"The Winner's Curse - Why winning the deal often means losing your money" explores a paradox of Game Theory. In any auction with incomplete information (like bidding for an oil field or a house), the winner is almost always the person who overestimated the value of the item the most. Therefore, "winning" the auction usually means you have paid more than the item is worth.Economist David Rice explains how this curse applies to corporate mergers, sports contracts, and eBay bidding. The book argues that the thrill of victory blinds us to the math of value. It teaches the strategy of...