Tag Archives: iraq

The winner’s curse

Iraq has been auctioning off rights to some of its oil and gas blocks in the last couple of days. Often these big auctions lead to a situation called ‘the winner’s curse’. The winner’s curse is when the winner of … Continue reading

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My enemy’s enemy is my friend

My enemy’s enemy is my friend – a strategy often used in politics and business – but is it a good strategy? Let’s take the example of Iran in the late 70s. The Iranian Hostage Crisis The Iran hostage crisis … Continue reading

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