From NobelPrize https://twitter.com/NobelPrize on Twitter: Robert Wilson awarded this years Prize in Economic Sciences showed why rational bidders tend to place bids below their own best estimate of the common value: they are worried about the winners curse that is, about paying too much and losing out. #NobelPrize https://twitter.com/NobelPrize/status/1315591519856926720/photo/1 https://chirp.cooleysekula.net/attachment/68256