![Why you will always pay more at auction [The Winner’s Curse]](https://alexandergibson.com.au/wp-content/uploads/2021/11/photoholgic-F84m42HAypo-unsplash-1-1080x675.jpg)
by Alexander Gibson | Mar 22, 2021 | Articles
The Winner’s Curse is a tendency that the winning bid at an auction will generally exceed the intrinsic or inherent worth of the item. A great illustration of the Winner’s Curse was best conveyed by behavioural economist Richard Thaler. Whereby as a social experiment...
