NYPEN - Winning at Auctions and Understanding Your Own Decision Biases & Hueristics
Invitation Link: https://guest.cvent.com/EVENTS/Register/IdentityConfirmation.aspx?e=3fb93a4d-481b-4b3a-907d-62424a66ea02
The New York Private Equity Network ("NYPEN") and Gerson Lehrman Group invite you to register below for a seminar on Winning at Auctions and Understanding Your Own Decision Biases & Hueristics, to be held on May 15. The seminar will address and demonstrate how to understand your decision processes that will help you win at auctions and bids.
Date: Tuesday, May 15, 2007
Time: 7:00pm followed by cocktails
Location: The Cornell Club, Fall Creek Room, 6 East 44th Street (between 5th & Madison)
Come hear Dr. Terrance Odean, Professor of Banking and Finance at the Haas School of Business at the University of California, Berkeley who studied Judgment and Decision Making with the 2002 Nobel Laureate in Economics, Daniel Kahneman (bio below), demonstrate how to understand your decision processes that will help you win at auctions and bids.
- How to avoid paying too much at an auction
- Mitigating the risk of asymmetric information
- How biases affect decision making
- Demonstrations of overconfidence
- Handling sunk costs and loss aversion
Terrance Odean is the Willis H. Booth Professor of Banking and Finance at the Haas School of Business at the University of California, Berkeley. He earned a B.A. in Statistics at the University of California, Berkeley in 1990 and a Ph.D. in Finance from the University of California, Berkeley in 1997. He is an associate editor at The Journal of Finance and The Journal of Behavioral Finance, a member of The Journal of Investment Consulting editorial advisory board and the Russell Sage Behavioral Economics Roundtable, a former director of UC Berkeley’s Experimental Social Science Laboratory and a former editor of The Review of Financial Studies. As an undergraduate at Berkeley, Odean studied Judgment and Decision Making with the 2002 Nobel Laureate in Economics, Daniel Kahneman. This led to his current research focus on how decision making biases affect investor welfare and securities prices. His research has been cited in The Wall Street Journal, The New York Times, Time, Newsweek, Business Week, and many other publications. While studying for his Ph.D., Odean worked at Wells Fargo Nikko Investment Advisors and IRIS Financial Engineering, and co-owned a seat on the Pacific Stock Exchange. During the summer of 1970, he drove a yellow cab in New York City.