Facts
Citation
URLhttps://en.wikipedia.org/wiki/Winner's_curse
Sources
Winner's curse - Wikipedia
Lead sectionQuote, Lead section
The winner's curse is a phenomenon that may occur in common value auctions, where all bidders have the same (ex post) value for an item but receive different private (ex ante) 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.
Claims Backed By This Source (6 claims)
This source backs 6 claims across the atlas. As facts: 4 well-attested. Plus 2 entities citing it as a general reference with no single fact or relationship attached.
Disposition By Topic
- Psychological Phenomena, 5 claims: 3 well-attested, 2 general references.
- Sources, 1 claims: 1 well-attested.
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