The _____ is the idea that anyone who wins an auction must have bid too much.

Name: The _____ is the idea that anyone who wins an auction must have bid too much.
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The winner's curse is the idea that the winner of an auction may have paid more than the true value of the item being auctioned. This occurs because bidders may overestimate the value of the item or engage in bidding wars, driving up the price beyond its worth.

The _____ Is the Idea That Anyone Who Wins an Auction