winner's curse
nounDefinitions
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.
The neighborhood
Vish — recursive loop
No curated loop yet for winner's curse. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA