𝔖 Bobbio Scriptorium
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Learning to Avoid the Winner's Curse

✍ Scribed by Peter Foreman; J.Keith Murnighan

Book ID
112262245
Publisher
Elsevier Science
Year
1996
Tongue
English
Weight
121 KB
Volume
67
Category
Article
ISSN
0749-5978

No coin nor oath required. For personal study only.

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## Abstract The winner's curse phenomenon refers to the fact that the winner in a common value auction, in order to actually win the auction, is likely to have overestimated the item's value and consequently is likely to gain less than expected and may even lose (i.e., it is said to be β€œcursed”). P