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Explain the phenomenon known as the winner curse

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Explain the phenomenon known as the "winner's curse" which often occurs in bidding wars/auctions. How does this relate to cities placing bids for new sports facilities/teams?

Reference no: EM132035554

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Explain the phenomenon known as the winner curse : Explain the phenomenon known as the "winner's curse" which often occurs in bidding wars/auctions. How does this relate to cities placing bids for new sports
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