English Dictionary

winner's curse

noun

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.

The winner's curse is a phenomenon in auctions where the winning bid exceeds the true value of the item.

意味（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.