winner's curse
phenomenon in common value auctions—where all bidders have the same value for an item but get different private signals about it—where the bidder with the most optimistic evaluation of the asset wins, thus tending to overestimate/overpay
Pronunciations
British English
/wɪnəz ˈkɜːs/Open converterAmerican English
/ˈwɪnɚz kɚs/Open converter
These IPA transcriptions are generated from the name above. Proper names may have other pronunciations, and current converter results may differ. How transcription works