Observation that often a winning bidder is the one who (in the case of a construction or supply contract) underestimates the overall cost, or (in the case of an auction purchase) overestimates the value of the auctioned item.
Meaning of Winners curse & Winners curse Definition
Winner's Curse definition is: The winner's curse is the tendency of the winner to bid in an auction in order to exceed the intrinsic or real value of an item. The difference between the auction price and the intrinsic value can usually be attributed to incomplete information, bidders, emotions, or a number of other subjective factors that may affect the bidder. In general, subjective factors often create value gaps, as bidders find it difficult to determine the actual intrinsic price and rationality of the goods. As a result, an increase in the value of an item wins the auction.
- The winner's curse is the tendency of the winner to bid in an auction in order to exceed the intrinsic or true value of an item.
- The difference between the auction price and the intrinsic value can usually be attributed to incomplete information, the type of bidder, emotions, or a number of other subjective factors that may affect the bid.
- The term "winner's curse" was originally coined by the company as a result of a request for foreign oil drilling rights in the Gulf of Mexico.
- Often, in the world of investing, the term is used to refer to the initial public bid, but in general, any market where an auction takes place can have the curse of victory.
- The difference between the average price and the auction price is usually affected by the individual bidders.
Someone or something that needs something.
Nobel Prize
conqueror, vanquisher, champion, hero, victor, conquering hero, defeater
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Part (of an action)
Shilling (E)
Not married.
Solid
(No tradition) Baby (children)
Zero refers to electrons and orbits with angular velocity and perfect balance.
Distance (in mathematical formulas).
The 19th letter of the alphabet
Farm like a capital s.
(Especially in Catholic usage)
Siemens
Small (such as clothing size).
Strong statements are meant to awaken supernatural forces to harm or punish someone or something.
An offensive word or phrase used to express anger.
Call or use the curse.
When you are angry or upset, say offensive words.
Send a curse on him
His mouth was full of misfortunes and oaths
The family often looked cursed
The drivers cursed and paid homage
utter oaths, dirty word, execrate, four-letter word, swear word, imprecation, damn, blaspheme, vulgarity, oath, put a curse on, put the evil eye on, the evil eye, malediction, blasphemy, expletive, profanity, hoodoo, imprecate, be blasphemous, use foul language, swear, execration, obscenity, voodoo, swear like a trooper, utter profanities, vulgarism
