Why auction winners are losers

The winner’s curse: “The winner of an auction tends to be one of those who form the highest estimate of an item’s value — and hence one of those most at risk of overpaying.” from Boing Boing http://feeds.boingboing.net/~r/boingboing/iBag/~3/F8l1v7xADGE/why-auction-winners-are-losers.html via Boing … Continue reading →



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