Winner's curse
id:
winner-s-curse-303-1364150
title:
Winner's curse
text:
The winner's curse is a phenomenon that may occur in common value auctions, where all bidders have the same value for an item but receive different private signals about this value and wherein the winner is the bidder with the most optimistic evaluation of the asset and therefore will tend to overestimate and overpay. Accordingly, the winner will be "cursed" in one of two ways: either the winning bid will exceed the value of the auctioned asset making the winner worse off in absolute terms, or t
brand slug:
wiki
category slug:
encyclopedia
description:
Tendency to overestimate in auctions
original url:
https://en.wikipedia.org/wiki/Winner%27s_curse
date created:
date modified:
2024-04-11T16:12:22Z
main entity:
{"identifier":"Q617228","url":"https://www.wikidata.org/entity/Q617228"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/9/90/Winner%27s_Curse.png","width":515,"height":334}
fields total:
13
integrity:
15