Winner's Curse
Winner's Curse is a phenomenon in auction theory wherein the winning bidder, belonging to the class of strategic outcomes in common value auctions, is distinguished by having overestimated the item's value and consequently pays more than its true worth, leading to a loss despite winning the auction.
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14.7K
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281
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205
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2017–2026
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Auctions and Bidding: A Primer
Paul Milgrom · The Journal of Economic Perspectives · 1989 · 863 citations · Full text
Business, Economics, Auction Theory +15
Richard H. Thaler · The Journal of Economic Perspectives · 1988 · 541 citations · Full text
Economic Insights from Internet Auctions
Patrick Bajari · Journal of Economic Literature · 2004 · 532 citations
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Stanford University
Stanford, United States
9 h-index
9 publications
1.7K citations
The Ohio State University
Columbus, United States
8 h-index
9 publications
1.7K citations

National Bureau of Economic Research
Cambridge, United States
7 h-index
8 publications
713 citations
University of Pittsburgh
Pittsburgh, United States
7 h-index
7 publications
989 citations
Centre for Economic Policy Research
London, United Kingdom
6 h-index
9 publications
626 citations

Cornell University
Ithaca, United States
5 h-index
5 publications
1.6K citations
Ben-Gurion University of the Negev
Beersheba, Israel
5 h-index
8 publications
161 citations
University of Illinois Urbana-Champaign
Urbana, United States
5 h-index
8 publications
293 citations
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Repository · 20 publications · 901 citations
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