Introduction Have you ever noticed how some people walk into a room and instantly become likeable? They don’t need to prove anything. They don’t try too hard. Yet, people naturally feel comfortable around them. It’s not because of their title, achievements, or status. It’s because of how they make others feel. Likeability is often misunderstood as charisma or natural charm. In reality, it is not something you are born with. It is a set of behaviors, habits, and small actions that create a strong emotional impact on others. In both personal and professional life, this is one of the most underrated success skills. People may forget what you said or what you did, but they rarely forget how you made them feel. And that feeling often determines whether they trust you, respect you, or want to work with you. The Power of Remembering Names One of the simplest yet most powerful habits of likeable people is remembering and using names. A person’s na...
Introduction When the highest bidder in a multiparty auction or a similar circumstance bids a value for something more than its true or intrinsic worth, the curse is said to act. Various factors cause a value gap as the winner attempts to determine a commodity's or asset's true worth. A bidder's emotional and cognitive variables can be blamed for the winner's curse. Individuals' returns are frequently diminished as a result of this phenomenon. The winner's curse comes from a lack of comprehension and prior knowledge about the asset under examination. Example: A, B, and C compete for drilling rights in a specified location. Assume that the drilling rights have an intrinsic worth of Rs. 4 million after accounting for all drilling-related costs and anticipated future revenues. Assume A bids Rs. 2 million, B bids Rs. 5 million, and C bids Rs. 7 million for the rights. Although C won the auction, it overpaid by Rs. 3 million. Even though B is certain that this price ...