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winner's curse
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Edit
English
edit
English
Wikipedia
has an article on:
winner's curse
Wikipedia
Noun
edit
winner
's
curse
The
phenomenon
whereby the winner of an
auction
is likely to
overpay
, since each
bid
represents a bidder's
estimate
of the item's
value
, and one would expect the
average
bid to be the most accurate.
See also
edit
bid shading
Categories
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English lemmas
English nouns
English countable nouns
English nouns with unknown or uncertain plurals
English multiword terms