winner's curse
winner's curse · winner's curses
The phenomenon whereby the winner of an auction is likely to overpay, since each bid…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.
Meaning
1 sensesThe 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.
Forms
plural: winner's curses| Singular | winner's curse |
|---|---|
| Plural | winner's curses |
regular
Word family
1 related wordsRelatedbid shading