"winner's curse" meaning in English

See winner's curse in All languages combined, or Wiktionary

Noun

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

Download JSON data for winner's curse meaning in English (0.9kB)

{
  "head_templates": [
    {
      "args": {
        "1": "?"
      },
      "expansion": "winner's curse",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        }
      ],
      "glosses": [
        "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."
      ],
      "id": "en-winner's_curse-en-noun-iRYPMW5v",
      "links": [
        [
          "phenomenon",
          "phenomenon"
        ],
        [
          "auction",
          "auction"
        ],
        [
          "overpay",
          "overpay"
        ],
        [
          "bid",
          "bid"
        ],
        [
          "estimate",
          "estimate"
        ],
        [
          "value",
          "value"
        ],
        [
          "average",
          "average"
        ]
      ],
      "related": [
        {
          "word": "bid shading"
        }
      ],
      "wikipedia": [
        "winner's curse"
      ]
    }
  ],
  "word": "winner's curse"
}
{
  "head_templates": [
    {
      "args": {
        "1": "?"
      },
      "expansion": "winner's curse",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "bid shading"
    }
  ],
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English nouns with unknown or uncertain plurals"
      ],
      "glosses": [
        "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."
      ],
      "links": [
        [
          "phenomenon",
          "phenomenon"
        ],
        [
          "auction",
          "auction"
        ],
        [
          "overpay",
          "overpay"
        ],
        [
          "bid",
          "bid"
        ],
        [
          "estimate",
          "estimate"
        ],
        [
          "value",
          "value"
        ],
        [
          "average",
          "average"
        ]
      ],
      "wikipedia": [
        "winner's curse"
      ]
    }
  ],
  "word": "winner's curse"
}

This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-05-03 from the enwiktionary dump dated 2024-05-02 using wiktextract (f4fd8c9 and c9440ce). 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.

If you use this data in academic research, please cite Tatu Ylonen: Wiktextract: Wiktionary as Machine-Readable Structured Data, Proceedings of the 13th Conference on Language Resources and Evaluation (LREC), pp. 1317-1325, Marseille, 20-25 June 2022. Linking to the relevant page(s) under https://kaikki.org would also be greatly appreciated.