Chapter 13


  1. Browning (1989), 417.

  2. See McMillan (1992), 95.

  3. Ibid.

  4. Salon (July 16, 2002).

  5. Employee stock ownership also unnecessarily increases a worker’s risk. If her company goes bankrupt, she would lose not only her job but also much of her savings. From the point of view of risk allocation, an employee would be far better off owning stock in her company’s main competitor because if the competitor beats her company, she would (probably) have more limited short-term career options but greater financial wealth. Many employees at Enron learned this lesson when Enron’s company’s stock price plummeted after the employees had invested most of their retirement savings in Enron stock.

  6. Posted on April 12, 2002, and printed here with her permission.




Game Theory at Work(c) How to Use Game Theory to Outthink and Outmaneuver Your Competition
Game Theory at Work(c) How to Use Game Theory to Outthink and Outmaneuver Your Competition
ISBN: N/A
EAN: N/A
Year: 2005
Pages: 260

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