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You're not missing anything. This article is junk and says nothing that we don't already know about the winner's curse (or you can easily look up anywhere.) I
by vikingerik 3y ago
You're not missing anything. This article is junk and says nothing that we don't already know about the winner's curse (or you can easily look up anywhere.) It's only a vehicle to sell reports via that popup.
- pessimizer 3y agoAnd now you can look it up in this article, written in different words and from the perspective of the individual participating in an auction. That's not junk.
- Zetice 3y agoWe? I didn’t know this had a name or was formally recognized, and at best I had an intuition for it rather than an explicit understanding of what was going on. This article solidified the concept for me, and I’m grateful. Why so cynical?
- samtho 3y ago> This article solidified the concept for me, and I’m grateful. Why so cynical? If it were not posted on HN you wouldn’t have seen it, I’m guessing. As for the article itself, it is a surface-level, paraphrased encyclopedia entry on this observation. It could have provided more value with more than just a jar of coins as an anecdote, perhaps showing how this can apply in face-to-face negotiations. I think it’s fair to be skeptical of intentions because of low-effort junk out there that exists solely as a lead gen.
- tomcam 3y agoOTOH I can now use “Winner’s Curse” as the name of my direct to video screenplay which will appear on Netflix starring that guy from the really good show a couple years back, and maybe with a Bruce Willis cameo