{"id":"W2585741216","doi":"10.1016/j.qref.2017.01.010","title":"The winner’s curse in acquisitions of privately-held firms","year":2017,"lang":"en","type":"article","venue":"The Quarterly Review of Economics and Finance","topic":"Corporate Finance and Governance","field":"Business, Management and Accounting","cited_by":42,"is_retracted":false,"has_abstract":false,"ca_institutions":"University of British Columbia","funders":"","keywords":"Winner's curse; Curse; Overconfidence effect; Abnormal return; Mergers and acquisitions; Competition (biology); Economics; Business; Monetary economics; Financial economics; Finance","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"codex-gemma-dda1882f352a","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.0005004806,0.00009783652,0.0002713295,0.00001654436,0.0002365409,0.00007615445,0.0005043969,0.00002314,0.000006637695],"category_scores_gemma":[0.0000269634,0.00006198618,0.0000673653,0.00005732373,0.0002187594,0.0004857248,0.00005342748,0.00006920893,0.00002018185],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.000006117235,"about_ca_system_score_gemma":0.00001550815,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.0002998624,"about_ca_topic_score_gemma":0.0003201838,"domain_scores_codex":[0.9993073,0.000005487798,0.0003878425,0.0001368646,0.00003139249,0.0001311578],"domain_scores_gemma":[0.998239,0.00003807767,0.001034414,0.0006367791,0.00004908082,0.000002667078],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"not_applicable","study_design_scores_codex":[0.00005169366,0.00007746279,0.01833474,0.00207975,0.00002178665,0.000002384223,0.0001062186,0.00003185475,0.00001507766,0.6649146,0.003250291,0.3111141],"study_design_scores_gemma":[0.0005392071,0.00005804526,0.4591618,0.003711562,0.00003915007,0.000002072696,0.0000453687,0.001294332,0.00001025261,0.04163684,0.4932807,0.0002205883],"study_design_candidate":"theoretical_or_conceptual","study_design_consensus":null,"genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9641129,0.02494751,0.000009088446,0.007789605,0.0001991857,0.0003179193,0.00001775166,0.000003157263,0.002602874],"genre_scores_gemma":[0.8563447,0.1427474,0.00001603204,0.0005863204,0.0001128789,0.00001983425,0.000001922892,0.000006729914,0.0001641646],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.6232778,"threshold_uncertainty_score":0.2527723,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.01908369892551515,"score_gpt":0.2294682033323517,"score_spread":0.2103845044068366,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}