"winner's curse" meaning in All languages combined

See winner's curse on Wiktionary

Noun [English]

Head templates: {{en-noun|?}} 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. Wikipedia link: winner's curse Related terms: bid shading
    Sense id: en-winner's_curse-en-noun-iRYPMW5v Categories (other): English entries with incorrect language header, Pages with 1 entry, Pages with entries
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This page is a part of the kaikki.org machine-readable All languages combined dictionary. This dictionary is based on structured data extracted on 2024-11-06 from the enwiktionary dump dated 2024-10-02 using wiktextract (fbeafe8 and 7f03c9b). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

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