The Problem of the Winner's Curse Can Be Avoided

question 29

Multiple Choice

The problem of the winner's curse can be avoided:

• A) if the scope of uncertainty increases among the bidders.
• B) by increasing the number of bidders.
• C) by increasing the range of actual estimates and bids.
• D) if the buyer bids more aggressively in the presence of more rivals.
• E) if the buyer assesses the good's acquisition value by first discounting his/her original estimate.

Understand the psychological impacts of job insecurity and fairness perceptions during downsizing.

Understand the concept and types of downsizing strategies.

Identify the goals and outcomes of specific downsizing strategies.

Recognize the relationship between downsizing and its impacts on organizational performance and employees.

---

Definitions:

Work Sampling

A type of employment test in which applicants are evaluated while performing actual work tasks.

Actual Job Tasks

The specific duties, responsibilities, and activities that an individual is expected to perform as part of their job role.

Telephone Interview

An interview conducted over the phone, often used as a preliminary screening tool in the hiring process.

Interview Voice

The specific tone, style, and manner in which an individual communicates during an interview.