聞:Google新股拍賣前買方求助於博奕理論

昨天看到一則滿有趣的新聞:
中央社的新聞:
Google新股拍賣前買方求助於博奕理論

我查了一下之前買的"賽局高手"(時報出版),裡面有談到"贏者的詛咒"和拍賣機制。裡面說的"贏者的詛咒",與新聞裡講得不一樣,書裡面是說,出價者因為怕得標後成為冤大頭,所以下標時,其實會是用比較低的價格投標。
至於賽局理論的拍賣應用,書裡面的例子是講到電信執照的拍賣,"次高價密封拍賣"是最適機制!

至於Google...再研究...
(中央社倫敦2004年 6月 7日彭博電) 華爾街日報說,一群專門研究競價機制(bidding mechanics) 的博奕理論(或譯賽局理論)經濟學家,正援引相關學理,試圖預測搜尋引擎Google Inc股票拍賣的申購情況。
報導說,博奕理論中有所謂「贏家的詛咒」,解釋拍賣中的得標者為何非得憑藉較不划算的昂貴價格來勝出。由於Google的 IPO採拍賣制,與傳統股票發行的投資銀行撮合大相逕庭,不少法人轉而求助於博奕理論,避免在一窩風的下單中成為冤大頭。
報導還說,Google的新股拍賣,規模乃是史上最大,勢必比一般的 IPO吸引更多散戶前來競標;這些散戶可能欠缺高額拍賣經驗,也沒有技術分析背景,頗有可能出價過高。

Topics:

Comments

"Fifty years ago, three Italian snowmakers, ski champions and ski coaches had a deep friendship in outdoor life and skiing because of their Coach Jewelrycommon love for nature. They designed to leap the polar mountain climbing ski down jacket, due to bold color, innovative design, so that the mask down jacket blockbuster. Mongolian mouth lightweight down jackets menson the down with a strict selection rule: down jackets best only use the neck to the chest and abdomen between the duck hair, soft and has a high water resistance, and a&f salelighter than the average down, thinner. In recent years, Mengkou and the international top brand cooperation of the down jacket and a series of handbags show that it is the perfect blend of high-end brands, and the trend of brand cooperation to Mongolia to find a broader world, especially for some bright colors, coach bags on sale online By more and more young people love, so that Mongolia has always stood in the fashion wave!Mengkou China Mall as a Mongolian company in Asia new balance femme launched the first online mall, lightweight down jackets women's is committed to the Chinese market to promote the Mongolian brand and high-quality Mongolian down jacket accessories Coach Sunglasses Coach casesCoach Sunglassesand other products. Mongolian China Mall by the mouth of the polyvore girls setsChinese company set up network sales borsa moncler trapuntatadepartment independent operation, 'respect, patience, smile, caring' service culture deeply rooted in the Internet, and launched the 'outdoor activities', more timely for customers To provide lightweight down jackets ladies Let's moncler joint brand and product fashion information, so that Mongolia became a domestic and second tier cities fashion backbone."

reebok outlet


ugg outlet


jets jersey


coach factory outlet


michael kors handbags


true religion jeans


coach factory outlet


gucci borse


cheap oakley sunglasses


polo ralph lauren


coach outlet


yeezy shoes


ugg outlet


coach outlet


baltimore ravens jerseys


gucci shoes


nike outlet


coach outlet online


nike air huarache


coach outlet


coach handbags


michael kors outlet


nike trainers


chicago bears jerseys


redskins jerseys


golden state warriors


canada goose sale


armani exchange


kate spade outlet


cheap ray bans


nike store


chicago bulls


true religion outlet store


christian louboutin shoes


ugg outlet


coach outlet


kansas city chiefs jerseys


kate spade handbags


cheap jordans


birkenstock sandals


canada goose outlet


nike roshe run


ray ban sunglasses


san francisco 49ers jerseys


patriots jerseys


uggs outlet


jordan 8


nike shoes


cheap ray bans


ugg outlet


nba jerseys


polo ralph lauren outlet


air jordan 8


christian louboutin outlet


air huarache


air jordan 4


hugo boss sale


ray ban sunglasses


cincinnati bengals jerseys


ralph lauren outlet


prada outlet


uggs outlet


coach outlet


christian louboutin shoes


ugg outlet


nike outlet


nike air max


chargers jerseys


miami heat jersey


steelers jerseys


cheap basketball shoes


ralph lauren uk


tods shoes


49ers jersey


tennessee titans jersey


cheap mlb jerseys


cheap nfl jerseys


air max 2015


ugg outlet


michael kors outlet


buffalo bills jerseys


ralph lauren polo


ralph lauren outlet


cheap jordan shoes


michael kors handbags


nike trainers


coach factory outlet


boston celtics


cheap ray ban sunglasses


seattle seahawks jerseys


ralph lauren outlet


cardinals jersey


oakley sunglasses wholesale


ralph lauren outlet


detroit lions jerseys


kate spade sale


fitflops


nike outlet


true religion outlet


pandora jewelry


zzzzz

Add new comment