Last Updated
：2025/12/05
winner's curse
Noun
Japanese Meaning
オークションにおいて、各入札が品物の価値の推定値を示す中で、最終的に勝利した者が平均よりも高額な入札をしてしまい、実際の価値を上回る代金を支払う結果として損失を被る現象
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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.
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winner's curse
Investors frequently fall prey to the winner's curse in competitive auctions, because each bid represents a bidder's estimate of the item's value and the highest bid often exceeds the most accurate average estimate.
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Investors frequently fall prey to the winner's curse in competitive auctions, because each bid represents a bidder's estimate of the item's value and the highest bid often exceeds the most accurate average estimate.
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