winner's curse

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English

[edit]
English Wikipedia has an article on:
Wikipedia

Noun

[edit]

winner's curse

  1. 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]
Retrieved from "https://en.wiktionary.org/w/index.php?title=winner%27s_curse&oldid=77973883"