Winner s curse
The winner's curse is a phenomenon that may occur in common value auctions with incomplete information. In short, the winner's curse says that in such an auction, the winner will tend to overpay. The winner may overpay or be "cursed" in one of two ways: 1) the winning bid exceeds the value of the auctioned asset such that the winner is worse off in absolute terms; or 2) the value of the asset is less than the bidder anticipated, so the bidder may still have a net gain but will be worse off than anticipated. However, an actual overpayment will generally occur only if the winner fails to account for the winner's curse when bidding (an outcome that, according to the revenue equivalence theorem, need never occur).

This is an excerpt from the article Winner s curse from the Wikipedia free encyclopedia. A list of authors is available at Wikipedia.
The article Winner s curse at en.wikipedia.org was accessed 11 times in the last 30 days. (as of: 07/26/2013)
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Winner's Curse Definition | Investopedia
A tendency for the winning bid in an auction to exceed the intrinsic value of the item purchased. Because of incomplete information, emotions or any other ...
www.investopedia.com/terms/w/winnerscurse.asp
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Anomalies The Winner s Curse - JSTOR
Journal of Economic Perspectives- Volume 2, Number 1- Winter 1988 -Pages 191-202 Anomalies The Winner s curse Richard H. Thaler Economics is distinguished from other ...
www.jstor.org/stable/1942752
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What is winner's curse? - Definition from WhatIs.com
In negotiation, winner's curse is an offer that is immediately accepted by the other party. The term implies that although the offer was accepted, the person ...
searchcio.techtarget.com/definition/winners-curse
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Winner's curse - Wikipedia, the free encyclopedia
There is often confusion that winner's curse applies to the winners of all auctions. However, it is worth repeating here that for auctions with private value (i.e. ...
en.wikipedia.org/wiki/Winner's_curse
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The Winner's Curse: Paradoxes and Anomalies of Economic Life ...
The Winner's Curse: Paradoxes and Anomalies of Economic Life [Richard H. Thaler] on Amazon.com. *FREE* super saver shipping on qualifying offers. Richard ...
www.amazon.com/Winners-Curse-Paradoxes-Anomalies-Economic/dp/0691019347
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What is winner's curse? definition and meaning
Definition of winner's curse: Observation that often a winning bidder is the one who (in the case of a construction or supply contract) underestimates the overall ...
www.businessdictionary.com/definition/winner-s-curse.html
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Identifying the Winner's Curse in Negotiation
Mar 5, 2013 ... There are two main reasons the winner's curse is a common and dangerous trap in negotiations.
www.pon.harvard.edu/daily/negotiation-skills-daily/identifying-the-winners-curse-in-negotiation/
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The Winner's Curse - JOI Articles - IndexUniverse.com
The leading companies are also among the most disadvantaged.
www.indexuniverse.com/publications/journalofindexes/joi-articles/14969-the-winners-curse.html
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Winner's Curse - Financial Dictionary - The Free Dictionary
Definition of Winner's Curse in the Financial Dictionary - by Free online English dictionary and encyclopedia. ... Meaning of Winner's Curse as a finance term.
financial-dictionary.thefreedictionary.com/Winner's+Curse
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Asymmetric Information: Auctions and the Winner's Curse | Yale ...
Yale Professor Benjamin Polak lecture on Asymmetric Information: Auctions and the Winner's Curse. We discuss auctions. We first distinguish two extremes: ...
www.academicearth.org/lectures/auctions-winners-curse
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Winner s curse in science
The Winner's Curse: Paradoxes and Anomalies of Economic Life ...
Consequently this volume would be appropriate for libraries at universities with graduate .... The "Winners Curse" is a book about behavioral economics.
The Winners Curse: Too Big to Succeed? by Robert Arnott, Lillian ...
Jun 20, 2012 ... Research Affiliates, LLC; University of California, Los Angeles (UCLA) ... Arnott, Robert D. and Wu, Lillian Jing, The Winners Curse: Too Big to ...
Identifying the Winner's Curse in Negotiation
Mar 5, 2013 ... There are two main reasons the winner's curse is a common and ... Prize, George Akerlof, Koshland Professor of Economics at the University of ...
[PDF]winner's curse or adverse selection in online auctions: the role of ...
Minnesota State University, Mankato ... The literature has shown empirical evidence for both the winner's curse and adverse selection in online auctions.
Political Animal - State lotteries and the winner's curse
Dec 2, 2012 ... This is the curse that, with frightening regularity, seems to fall on the heads of the winners of state lotteries. Nocera notes that, troublingly, ...
[PDF]The Winner's Curse and Public Information in Common - Princeton ...
Author(s): James C. Cox, Samuel H. Dinkin, Vernon L. Smith. Source: The ... formation and the winner's curse, have re- ..... per, Ohio State University, May 1996.
[PDF]The Winner's Curse - Washington State University at Tri-Cities
The winner's curse is a concept that was first discussed in the literature by .... then given a single-valued draw, X ,-, from the uniform distribution X * i s, with s ...
Oxford University Press: Beware the Winner's Curse: G. Anandalingam
The term "Winner's Curse" was coined by economists to explain an effect commonly observed in auctions. ... About the Author(s) ... Smith Professor of Information Systems, both at the Robert H. Smith School of Business, University of Maryland ...
[PDF]The Winner's Curse and Public Information in Common Value Auctions
winner's curse, but produces the contrary result in its presence. Common value auctions ... referees, and participants in seminars at the University of Houston, Texas A&M .... were min {x,+s,3c'} and max {x,—s,Zc_}, respectively. The bounds ...
[PDF]WINNER'S CURSE - Institute and Faculty of Actuaries
Report of the Winner's Curse GIRO Working Party .... Appendix 2.1: Basic Model: Demonstrating Winner's Curse . .... University/University of South. Australia) ...
Books on the term Winner s curse
Valuation: avoiding the winner's curse
Valuation: avoiding the winner's curse
Kenneth R. Ferris, Barbara S. Pécherot Petitt, 2002
InValuation: Avoiding the Winner's Curse, authors Kenneth R. Ferris and Barbara S. Pecherot Petitt will help you master both the science and the art of M&A valuation.
The Winner's Curse: Paradoxes and Anomalies of Economic Life
The Winner's Curse: Paradoxes and Anomalies of Economic Life
Richard Thaler, 2012
Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions.
Microeconomics: A Contemporary Introduction
Microeconomics: A Contemporary Introduction
William A. McEachern, 2008
The winning bid was not the average bid, which may have been the most reliable estimate of the true value, but the highest bid, which was the most optimistic estimate. Winners of such bids are said to experience the winner's curse because ...
Mathletics: How Gamblers, Managers, and Sports Enthusiasts Use ...
Mathletics: How Gamblers, Managers, and Sports Enthusiasts Use ...
Wayne L. Winston, 2009
The Winner's Curse If we accept that the NFL draft is inefficient, what might cause the observed inefficiency? Perhaps this is an instance of the well-known Winner's Curse.4 Essentially the Winner's Curse says that winners of auctions often pay ...
Beware the Winner's Curse : Victories that Can Sink You and Your ...
Beware the Winner's Curse : Victories that Can Sink You and Your ...
G. Anandalingam Ralph J. Tyser Professor of Management Science, University of Maryland Henry C. Lucas Jr. Robert H. Smith Professor of Information Systems both at the Robert H. Smith School of Business, 2004
The Curse seems to happen a lot to winners of the Heisman Trophy, the prize given annually to the best college football player. The trophy is said to bring fame and glory to the college as well as the player. When a student athlete is in the ...
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Winner s curse
Curse Dota 2 Invitational Winner Crowned! [Spoilers]
DOTA 2 is an upcoming MOBA game from Valve based on the original Defense of the Ancients mod from Blizzard's Warcraft III: Reign of Chaos and The Frozen Throne. Much like DOTA, DOTA 2 will incorporate players using a hero character assisted by supporting units to attack and defend a series of strongholds on the edges of the game map. Across the middle of the map will be defensive towers that players must navigate through in order to reach the enemy stronghold.
www.rtsguru.com/game/417/article/5846/Curse-Dota-2-Invitational-Winner-Crowned-%5BSpoilers%5D.html
Identifying the Winner’s Curse in Negotiation
There are two main reasons the winner's curse is a common and dangerous trap in negotiations.
www.pon.harvard.edu/daily/negotiation-skills-daily/identifying-the-winners-curse-in-negotiation/
Bitcoin’s Winner’s Curse – What Auction Theory Teaches Us About Bubbles | Data Science Musings
Data Scientist's thoughts about data, economy and pretty much everything else
bigdatasc.wordpress.com/2013/05/15/bitcoins-winners-curse-what-auction-theory-teaches-us-about-bubbles/
CM Storm Sirus S Headset - Sweepstakes - Curse
www.curse.com/sweeps/cm-storm-sirus-s-headset
joinDOTA.com » News: Curse Invitational Finals weekend, Na`Vi drop out
Having made it all the way to the winner bracket finals in the Curse Dota 2 Invitational, Na`Vi have had to drop out of the competition due to prior commitments. This means that Team Dignitas, winner of the losers bracket finals, will be moving on up to face Team Liquid in the winners bracket fin ...
www.joindota.com/en/news/9317-curse-invitational-finals-weekend,-navi-drop-out
Valuation: Avoiding the Winner's Curse download - Evlaliyabud's blog
Valuation: Avoiding the Winner's Curse book download Kenneth R. Ferris and Barbara S. Pecherot Petitt Download Valuation: Avoiding the Winner's Curse Valuation : Avoiding the Winner ;s Curse . Valuation: Avoiding the Winner's Curse: Making Mergers and. Valuation : Avoiding the Winner ;s Curse > Financial Times . How to...
iaedubu.typepad.com/blog/2013/05/valuation-avoiding-the-winners-curse-download.html
Beware the Winner's Curse: Victories that Can Sink You and Your Company read online - Masonluedijk's blog
Beware the Winner's Curse: Victories that Can Sink You and Your Company book download G. Anandalingam and Henry C. Lucas Jr. Download Beware the Winner's Curse: Victories that Can Sink You and Your Company 'Beware the Winner's Curse: Victories That Can Sink. In this book , G. each company or....
nahcalep.typepad.com/blog/2013/05/beware-the-winners-curse-victories-that-can-sink-you-and-your-company-read-online.html
The ProPinoy Project | Winner’s curse: How the opposition intimidated Team PNoy to take the low road to win in 2013 while leaving daang matuwid with no clear agenda or heir-apparent
www.propinoy.net/2013/05/14/winners-curse-how-the-opposition-intimidated-team-pnoy-to-take-the-low-road-to-win-in-2013-while-leaving-daang-matuwid-with-no-clear-agenda-or-heir-apparent/
The Lottery Winners Curse – Warning! Discover to Steer clear of the 3 Things That Destroy Several Lotto Winners | Lottery Chief
Lottery Chief -
www.lotterychief.com/the-lottery-winners-curse-warning-discover-to-steer-clear-of-the-3-things-that-destroy-several-lotto-winners.html
So long and thanks for all the fish.
sethkaufman.posterous.com/journal-of-indexes-the-winners-curse
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