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How to pronounce “winner's curse”
Hear “winner's curse” in real YouTube speech, then study definitions and example sentence snippets.
Pronunciation guide for winner's curse
- Learning goal
- Practice the English pronunciation of winner's curse with real speech in context.
- Available examples
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- Definition summary
- (auctions, game theory) 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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A Deep Dive Into “winner's curse”
Meaning
- [Noun]
- (auctions, game theory) 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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