Book Description
anity Fair's Maureen Orth covers lives led in public, on camera, at the very top-from Margaret Thatcher to Tina Turner, from the political theater of the Clinton White House to the strange kingdom of Princess Diana's almost father-in-law. Now this National Magazine Award-winning reporter pulls back the curtain to reveal those who flourish (or sometimes flame out) at these heady altitudes, unraveling their complex lives and exploring the chemistry, the very DNA, of celebrity today. The Importance of Being Famous is a portrait of an era where the media grew larger, the distinction between fame and infamy grew smaller, and celebrity ruled all. Orth delivers a revealing, sophisticated look at the big room of modern celebrity and the star-making machinery of the 'celebrity-industrial complex.'
Customer Reviews:
Celbrity Biographies all in one book!.......2007-01-15
Very entertaining, Maureen Orth gives us "biographies" of many famous poeple. If you are interested in true stories of fame and fortune, this is a great read. I found it to be very interesting.
Ms. Orth Has Her Finger On The Pulse of Celebrity.......2005-09-07
Although I'm a little late coming to the table, I found this book a stroll down memory lane. I was amazed at how many stories I had forgotten over the years. While they are now dated (this is 2005)they still resonate. The Woody Allen-Mia Farrow scandal was refreshed and I was once again shaken at the allegations. I met Ms. Farrow in London in 1970 and she was exactly as I had imagined her to be. Incredibly beautiful and incredibly delicate. But like any good mother, when one of her children was put in harms way she became a bastion of strength. The book is full of interesting stories of interesting people. You won't find the B and C-list one-hit-wonders in here. I would love to see her write another book about the bad boys and gals of Hollywood we see all the time in court these days. I am a big fan of Ms. Orth. I wish she would write more often.
Rehashed Vanity Fair articles.......2005-08-02
Had I known Maureen was married to right-winger Tim Russert, I would have never bought this book. After digesting my mistake, I decided to get my money's worth - and what a disappointment!
Like a few reviewers pointed out, these are reprints of Vanity Fair articles from years past. All one has to do is look at the very end of each "chapter" for the updates, and you'll get the idea of this "book."
She is a good writer and has a way of letting out her opinion without being confrontational about it. She told the deep, dark ugly truth about the overrated has-been Michael Jackson (who hit his peak with 1983's "Thriller," made a somewhat good comeback with "Bad" in 1987 and has only been kept in the public eye since then due to the trashy tabloids and his weird antics).
As for Laci Peterson: That's another topic she was right on about. There's a case going on right now in Philadelphia about a missing pregnant woman who is only getting so much media attention because she is related to a city councilman so I completely dig her point that some cases get more publicity than others because family and/or friends are media-savvy.
But had this been an *original* piece of writing, Maureen should have widened her scope to include why political pundits (including her own husband) are treated as celebrities. Writers usually take a backseat to the things they write about but that is definitely not the case anymore as the persona means much more than the substance.
I was very disappointed that I spent money for what I thought was going to be a book when I could have saved myself the dough and read back issues of V.F.
Wait until this is in the Last Chance bin at your local (chain) bookstore.
Love Her Smug, Fatuous Race-blind Take on Michael Jackson.......2005-06-12
The first thing you have to realize about Maureen Orth is that the lady is not what she seems. The media hype casts her as a fearless iconoclast, a hard-boiled Mencken style truth-teller who rips down the lies and exposes the naked ugliness of celebrity. But that's only partially true.
When you read Orth's pieces on Michael Jackson, it becomes very clear that she is not so much attacking Jackson as she is defending white America. Yes, the man is a hardened pedophile, a dangerous criminal who should be locked up for the rest of his life. But it's as plain as the nose on this pathetic creature's face that four hundred years of racial hatred has something to do with his slow descent from human being to faceless monster.
A handsome black boy tears his face off to look white, and all Miss Orth has to say is that "this is a story of how power can corrode and corrupt."
Excuse me, honey? For four hundred years white people have had the power to decide who writes the stories, who sings the songs, who is beautiful and who is ugly. It was powerlessness, not power, that drove poor Michael Jackson to tear his face off in order to look more like you. No one in white America was shocked when this poor wretch spent his entire childhood singing and dancing for our amusement. But when it turns out the experience turned him into a pathetic half-mad wretch, suddenly we've got to "save" our children from him. When he was a child, no one was trying to save him -- and don't think he doesn't know it!
Far from being a penetrating analyst, Maureen Orth is a genius at simply stating the obvious and ignoring the undercurrents. For example, she tells us over and over that Michael "got away with it" for years because he was making millions for certain powerful industry people. Fine. But isn't there a bit more to it than that? Michael conned white America into thinking he was a child, and not a man -- and don't you think race had something to do with that? His whole alibi has always been, "you think I'm a man, but I'm really just a child, and that's all I'll ever be."
Now where would a black man get the idea that he's not really a man? Who thought that one up? Could it be, I don't know, SATAN?
Michael Jackson got away with it because he told racist white America exactly what it most wanted to hear -- "I'm not a man, I'm only a child, and I promise I'll never grow up." And the funny thing is, he kept his part of the bargain, which is probably why he honestly doesn't get why everyone's after him now.
If Maureen Orth were really the clear-sighted visionary she pretends to be, she would have explored some of these issues. She would have compared Michael Jackson to Emmett Till, the black boy who was lynched in Mississippi for whistling at a white woman back in 1955. Note that poor Emmett Till was everything Michael Jackson could never be. He was sexually normal, and white America murdered him for showing desire towards a white woman.
Now here comes Michael Jackson. He's no Emmett Till. He's the ideal black man for white America. The thought of sex with any woman, black or white, literally makes him ill. Like the ultraviolent Alex in Anthony Burgess' brilliant dystopia A CLOCKWORK ORANGE, Michael Jackson is a superb example of social conditioning. He's the black man white America created to very exacting specifications -- and now that we see just how ghastly our handiwork is we want to bury him and forget the truth. And fearless, truth-telling Maureen Orth is leading the pack, shovel in hand.
Some journalist! Some truth teller!
the importance of being famous.......2004-08-23
this book is simply a re-hash of old Vanity Fair articles. She gets paid for those articles then slaps them together in a book for a second payday. What a lazy way to "write" a book?
Average customer rating:
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From Uptight to All Right: Strategies for Stress
Jerome Murray
Manufacturer: Manor House Publishing (CA)
ProductGroup: Book
Binding: Paperback
 General
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Developmental Psychology
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ASIN: 0942383060 |
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The art of staying well in an uptight world
Ken Olson
Manufacturer: Oliver-Nelson
ProductGroup: Book
Binding: Hardcover
General
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General
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ASIN: 0840790937 |
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- How To Hang Loose In An Uptight World
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How to Hang Loose in an Uptight World
Elizabeth Baker
Manufacturer: Pelican Publishing Company
ProductGroup: Book
Binding: Paperback
General
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Stress Management
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ASIN: 1589800117 |
Customer Reviews:
How To Hang Loose In An Uptight World.......2007-07-22
Like most books I write, How To Hang Loose was birthed more out of a need to find solutions for my own problems than the result of cold, academic research. When continual stress resulted in a diagnosis of chronic fatigue syndrome and physicians were unable to provide much hope, I faced the fact that I had to either manage my stress or possibly live as an invalid. By that point in my life, I was actively involved in a counseling practice and a widow dependent on my own ability to earn a living. Quitting work and going on a long vacation was simply not an option!
I had spent years teaching others and giving good advise to troubled souls. I had studied the dynamics of the health/stress cycle and had been a practicing Christian for years. But none of that made me automatically immune when years of giving out more energy than I produced drained me dry. I was up against a wall with the accusation, "physician, heal thyself" echoing in my ears. I knew I had to find practical ways to manage stress while still living in the rat race. And, I did.
In this book, I've given you the information and techniques that turned my health around and I hope it can do the same for you. How To Hang Loose In An Uptight World contains fifteen stress-busting techniques arranged according to the time each will take out of your day. You will learn the basic dynamics of stress and why it can damage your body. You will measure your personal stress load and determine how much it is impacting your health. But most of all you will be able to choose from among the fifteen stress-busters identifying those are most fitted to your personal lifestyle.
If you find the book helpful, I would love to hear from you. Contact me at www.elizabethbakerbooks.com.
Book Description
Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers--they pay too much and suffer the "winner's curse"--why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them.
Customer Reviews:
Very interesting.......2006-09-22
It gives you a great overview of some of the strange inconsitencies in human behavior. It is more than just a finance book and has many interesting stories that you can talk about with friends later.
Behavioral economics for the real world........2006-02-11
The "Winners Curse" is a book about behavioral economics. It applies experimental human psychological studies to economic behavior. It consists of 14 chapters, each devoted to a different "anomaly" in economic behavior. The term anomaly is used by the author to denote behavior that runs counter to the assumptions of most theoretical economic models, which assume that people act in a rational and greedy manner. To me (not an economist), that anyone would base a theory on the assumptions of rational human behavior and that people are always greedy (seeking the maximum economic gain) is a bit irrational. It does not come as a surprise to me that people act irrationally and that they can sometimes act for the common good, instead of seeking maximum personal gain.
Each chapter starts with a brief hypothetical problem. Some are based on real problems, (such as playing the lottery, betting on horses, the calendar effect on stock market prices, foreign currency exchange problems, ...) or based on model games, (such as bargaining games, games where cooperation is required, auction games,....). The results of these experimental games and the statistical data on human behavior in real situations (such as stock market purchases) are then compared to the predictions of the theoretical models that assume rationality and greed. The point of the book is that it can be experimentally shown that people act irrationally (from an economic perspective) and can act in a manner that does not seek the maximum personal gain. The author does not believe that this spells the end for theoretical economic modeling, only that more psychological input is required.
This book is interesting, but in my opinion it is neither fish nor fowl. I do not think that it is rigorous enough to satisfy an economist, but is somewhat too complicated in spots for general readers. After the general statement of the problem there is a discussion of the experimental data that bears on the problem. This discussion can be hard for a non-economist (me) to follow at times. That said, I enjoyed book and got a lot of interesting information from it. I learned why it is sometimes a good deal (yielding a positive expected value) to play the lottery and what the most commonly chosen numbers are. The author also points out that this does not mean that you will win, only that if you and your descendants played at the correct times for a thousand years or so, you would eventually make more than what you would spend on tickets. In some situations it is thus favorable to buy tickets covering all the possible combinations, but you would need millions of dollars and a way to physically buy millions of tickets. I learned the best days to buy or sell a stock (at least statistically on which days the market tends to go up and on which it tends to go down).
By the way, the Winners Curse refers to the winner of an auction being cursed because the price paid was too high. I learned that with many bidders it is best to lower the maximum price that you are willing to pay. Unfortunately, doing this means that you will seldom get the item, but when you do succeed you will not be cursed by paying too much.
All in all, stick with it. If necessary, skip over some of the discussion of the experimental data and go to the concluding remarks for each chapter. I found it to be worth the effort.
Highly Recommended!.......2005-07-15
We highly recommend this classic of economic literature, one of the first (more or less) accessible presentations of the evidence against economic rationality. Economists have assumed, conventionally, that economic choice rests on a foundation of rationality. For instance, economists tend to think that people will put the same value on two mathematically identical offers. Yet laboratory experiments have proven what everyday experience suggests: people are not quite rational. Author Richard H. Thaler, a founding father of behavioral economics, presents convincing exhibits to make the case that the assumption of economic rationality is an awfully big pill to swallow. Stylistically, his book strikes a neat balance between accessibility and obscurity. A reader will need a certain amount of schooling in economics and a great deal of patience with academic prose to wade through every word of every chapter, although the payoff is substantial. However, it is possible for the impatient reader to get the gist by reading the introduction, the first page or two of each chapter and the epilogue. And even that is eminently worthwhile.
by an economist, for an economist.......2004-05-09
as an amateur economist grown increasingly dissatisfied w/ the failures of available theories, i was hopeful that this book would expound more on why markets fail. in some ways it did (in a very drab and boring language), although its coverage of financial markets (my interest) was all too brief and incomplete---the coverage of losers' outperformance of winners in equities was by far (IMHO) the best section of the book, but as good as that section was, the coverage of foreign exchange fluctuations was a failure. ---soros did a much better job of this.
there is some good material in this book, and i would give it 3 stars as a result, but the writing style makes it simply too inaccessible for the average reader. better financial market focus can be found in "reminisces of a stock operator" and "alchemy of finance", which really were accidental breakthroughs in behavioral finance (particularly the former--a gem of a book).
rhyno
Intriguing for the academic mind.......2004-04-12
Most anyone will find this discussion of Thaler's (and his colleagues) work enough to whet their appetite for more on the subject. It is only a matter of time before you will find yourself digging up the academic papers behind the discussions. My only complaint: the supporting books by Kahneman and Tversky are expensive!
Book Description
In Valuation: Avoiding the Winner's Curse, authors Kenneth R. Ferris and Barbara S. Pecherot Petitt will help you master both the science and the art of M&A valuation. Concise, realistic, and easy to use, it brings together the field's best "rules of thumb," compares every leading traditional and alternative approach, presents examples and case studies from many industries, and offers practical solutions for today's key accounting, reporting, and tax-related challenges.
Download Description
In Valuation: Avoiding the Winner's Curse, authors Kenneth R. Ferris and Barbara S. Pecherot Petitt will help you master both the science and the art of M&A valuation. Concise, realistic, and easy to use, it brings together the field's best "rules of thum
Customer Reviews:
A Good Read!.......2005-07-22
The evidence is undeniable - most mergers fail and most acquisitions never achieve their promised synergies. Yet firms keep bidding top prices to acquire targets. Economists have a name for this phenomenon: the winner's curse. This theory says that the winner in any auction is apt to be the bidder who has most drastically overestimated the purchase's value. The winner, in this case, turns out to be a real loser. Authors Kenneth R. Ferris and Barbara S. Pecherot Petitt present compelling examples of companies that overpaid disastrously for acquisitions. They outline several approaches to valuation that might spare other companies from that sorry fate. We recommend this comprehensive and quite directly applicable book, which is full of cautionary notes and recommendations on how and when to use various valuation models. Why do companies continue to flirt with the winner's curse? The authors conclude, perhaps naively, that companies simply don't know how to correctly value their targets. Whatever the cause, there continue to be many cases where losing, rather than winning, would be a blessing to shareholders.
Broad overview, introductory and basic.......2005-01-26
The book appears to have grown out of course notes and has remained at that level only.
There are better books out there, even if you were to focus only on valuing for M & A needs.
Insightful!.......2004-07-28
I took a course offered by Ken Ferris before the book was published, then read the material. It reminded me of a lot of the insights that I gained from the course. Good book for practitioners.
Met the man, taken his courses..........2004-07-02
This book, and another by Ferris, was a required textbook for a class taught by the author (Ferris) at the school where he teaches. It is an indication of the respect that the other Finance and Accounting profs have for Prof Ferris that his books are used by no other profs there- in fact, many riducle the simple errors and theoretical mistakes that are present in this book. As a guide to valuation of public firms, this book is useful only in outlining a simplisitc cookie-cutter format that lacks any depth or analysis.
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Common Value Auctions and the Winner's Curse
John H. Kagel , and
Dan Levin
Manufacturer: Princeton University Press
ProductGroup: Book
Binding: Hardcover
Econometrics
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General
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Retailing
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ASIN: 0691016674 |
Book Description
Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the same to all bidders, but different bidders have different information about the underlying value. Virtually all auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet companies such as eBay. Winners end up cursing when they realize that they won because their estimates were overly optimistic, which led them to bid too much and lose money as a result.
The authors first unveil a fresh survey of experimental data on the winner's curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as the spectrum rights (air wave) auctions that continue to be conducted around the world. The remaining chapters gauge the impact on sellers' revenue of the type of auction used and of inside information, show how bidders learn to avoid the winner's curse, and present comparisons of sophisticated bidders with college sophomores, the usual guinea pigs used in laboratory experiments. Appendixes refine theoretical arguments and, in some cases, present entirely new data. This book is an invaluable, impeccably up-to-date resource on how auctions work--and how to make them work.
Book Description
In the roaring 1990s, many companies seemed to claim great victories-acquiring another company, obtaining state-of-the art technology, or hiring a potential CEO savior-only to find that they had made a great mistake. The term "Winner's Curse" was coined by economists to explain an effect commonly observed in auctions. In such situations, since the winning bidder is usually the most optimistic about the value of the item being auctioned, there is a very good chance that the bid will be more (sometimes much more) than the item is worth. So a company that overvalues a good or service, or bids higher than its value has the potential of experiencing this Winner's Curse. In this book, G. Anandalingam and Henry C. Lucas, Jr. expand the model of the Winner's Curse to explain how companies like Tyco, MCI-WorldCom and Bank One overpaid for acquisitions, and how shareholders suffered as a result. They elucidate the disasters that happened during the rush to acquire new technologies and illuminate the reasons that companies that were seemingly pioneers in the dot-com era fell by the wayside. Beginning by exploring the psychological, personal and market factors that can encourage a decision maker to overvalue an asset and experience the Winner's Curse, the book goes on to examine several case studies, including the disastrous wireless spectrum auctions that have devastated the telecommunications industry, and the dot-com bust. It concludes by discussing ways to avoid the Winner's Curse, calling for major changes in the behavior of CEOs and members of boars of directors, as well as the use of powerful techniques for analyzing decisions, including a systems approach to decision making, scenario analysis and game theory.
Book Description
This digital document is a journal article from Telecommunications Policy, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
This paper provides a comprehensive review of a policy debate that has led to a unique 3G licensing scheme in Hong Kong. Key issues to be addressed include the choice of technical standards, allocation of radio spectrum, licensing options and open network requirement. With reference to the case of Hong Kong, the author argues explicitly that the winner's curse can be prevented by means of a carefully designed auction mechanism, the alleviation of licence scarcity and the firm pro-entry policy objective of the government.
Book Description
This digital document is a journal article from Finance Research Letters, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
The purpose of this note is to point out an error in an important paper by Sharpe [Journal of Finance 45 (1990)] on long-term bank-firm relationships and to provide a correct analysis of the problem. The model studies repeated lending under asymmetric information which leads to winner's-curse type distortions of competition. Contrary to the claims of Sharpe in [Journal of Finance 45 (1990)], this game only has an equilibrium in mixed strategies, which features a partial informational lock-in by firms and random termination of lending relationships.
Book Description
This digital document is a journal article from Journal of Financial Intermediation, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
Empirical evidence suggests that better-informed investors in bookbuilt IPOs submit more informative bids and receive better allocations than do investors with less precise information. While the traditional bookbuilding argument accounts for this evidence as better-informed investors being rewarded with more favorable allocations for providing more useful information, the present paper adopts the winner's curse argument and shows that better-informed investors get better allocations by being better able to pick underpriced issues, even though in equilibrium investors' bids fully reveal their information. The paper offers empirical implications that allow the two arguments to be separated.
Book Description
This digital document is a journal article from Economics Letters, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
I show that delegating decision rights to subordinates increases their career concern incentives by making their performance more transparent and alleviating the winner's curse in the labour market.
Book Description
This digital document is a journal article from Electronic Commerce Research and Applications, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
An increasing number of reports of online auction fraud are of growing concern to auction operators and participants. In this research, we discuss reserve price shilling, where a bidder shills in order to avoid paying auction house fees, rather than to drive up the price of the final bid. We examine the effect that premium bids have upon the final selling price, since they are linked with reserve price shill bids. We use 10,260 eBay auctions during April 2001, and identify 919 auctions involving 322 sellers and 1583 bidders involved in concurrent auctions for the exact same item. We find that premium bidding occurs 23% of the time, in 263 of the 919 auctions. Using a theoretical perspective involving valuation signals, we show that other bidders may view high bids as signals that an item is worth more. Thus, they may be willing to pay more for the items than others that do not receive premium bids. The implications are disturbing in that sellers may be more motivated to enter a shill bid in order to drive up the final price in an online auction. We also examine and report on alternative hypotheses involving winner's curse and the possibility of reserve price shill bids. Our results are developed in the context of a weighted least squares regression model that predicts an item selling price-to-average selling price ratio.
Book Description
This digital document is a journal article from China Economic Review, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
Research in the literature shows that initial public offerings (IPOs) of common stocks are systematically priced at a discount to their subsequent initial trading price. The large underpricing magnitude in the Chinese IPO market has attracted much attention. We consider three hypotheses that may explain the IPO underpricing in China. These are the winner's curse hypothesis, the ex ante uncertainty hypothesis and the signaling hypothesis. Among these hypotheses, the winner's curse hypothesis has not been tested in the Chinese market. Using IPO data for online fixed-price offerings from November 1995 to December 1998, our results show that the winner's curse hypothesis is the main reason for the high IPO underpricing in China. The signaling hypothesis is not empirically supported in the Chinese market during the sample period.
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- The Magnificent Ambersons (Modern Library Classics)
- The Producers: Money, Movies And Who Calls the Shots
- The Psychotronic Video Guide To Film
- The Shawshank Redemption: The Shooting Script (Newmarket Shooting Script Series)
- The Sounds of Early Cinema
- The Ultimate Marilyn: All the Facts, Fantasies, and Scandals about the World's Best-Known Sex Symbol
- The Wages of Sin: Censorship and the Fallen Woman Film, 1928-1942
- Three Philosophical Filmmakers: Hitchcock, Welles, Renoir
- Tiki Art Now!: A Volcanic Eruption of Art
- TV-a-Go-Go: Rock on TV from American Bandstand to American Idol
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![3G licensing in Hong Kong: The debate [An article from: Telecommunications Policy]](http://ec1.images-amazon.com/images/I/21A6JMGP8ML.jpg)
![Asymmetric information, bank lending and implicit contracts: the winner's curse [An article from: Finance Research Letters]](http://ec1.images-amazon.com/images/I/21Q1X0T6NKL.jpg)
![Bookbuilding with heterogeneous investors [An article from: Journal of Financial Intermediation]](http://ec1.images-amazon.com/images/I/2172C4H5ZQL.jpg)
![Delegation of decision rights and the winner's curse [An article from: Economics Letters]](http://ec1.images-amazon.com/images/I/212CGYGVAGL.jpg)
![The effects of shilling on final bid prices in online auctions [An article from: Electronic Commerce Research and Applications]](http://ec1.images-amazon.com/images/I/21TV02HBY8L.jpg)