If neither the negotiation design nor the competition intensity of a tender can explain the high price marks-ups in renegotiations, what can?
To spice up our Christmas Party this year, our colleagues organised a joke competition. This was our one and only opportunity to claim the title of ‘Funniest TWS Team Ever’.
“Competitive tenders induce higher price mark-ups in renegotiations, eventually leading to higher overall prices” is a common concern raised against competitive negotiation designs, such as auctions.
Recently I came across a LinkedIn post that argued to “never take the first offer” when receiving an offer for a job role in an application process.
The data scientist guide to unnecessarily complicate little things in life.
According to several articles recently published by The Athletic almost all football clubs go with the same ‘bonus’ logic – with the main exception of Manchester United.