English Dictionary

winner's curse

名詞

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.

日本語の意味

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

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.

投資家は競争の激しいオークションで落札者の呪いに陥ることが多く、各入札が商品の価値の推定を表すため、最高額の入札は最も正確な平均推定を上回ることがあり、結果として支払い過ぎることがある。

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.