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Meaning of winner's curse | Babel Free

Noun CEFR B2

Definitions

The phenomenon whereby the winner of an auction is likely to overpay, since each bid represents a bidder's estimate of the item's value, and one would expect the average bid to be the most accurate.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

winnerhood Winners winners' rostrum Winnersh winnership Winneshiek

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