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It is called the winner's curse...at an auction, the highest bidder wins the asset but to do so they pay the highest price so better hope you are right when you
by Blackstone4 5y ago
It is called the winner's curse...at an auction, the highest bidder wins the asset but to do so they pay the highest price so better hope you are right when you win
- opinion-is-bad 5y agoThe winners curse also creates the curious corollary that one should probably bid less, the more people are in the auction.