I won the auction but don't want the prize¶
Bazerman, M. H., & Samuelson, W. F. (1983). I won the auction but don't want the prize. Journal of Conflict Resolution, 27(4), 618-634.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Winner's Curse
- Online platforms, dating, and matching markets. The phrase "the only one who said yes" captures a winner's-curse-adjacent intuition: in markets where many evaluators screen the same candidate, accepting the option that everyone else declined can signal a hidden defect rather than a lucky find.
This sourceClassroom common-value (coin/paper-clip jar) experiments showing winners systematically overpay; the winner is disproportionately the most optimistic evaluator, so accepting the option that other evaluators declined signals a likely hidden defect ("the only one who said yes").
- Online platforms, dating, and matching markets. The phrase "the only one who said yes" captures a winner's-curse-adjacent intuition: in markets where many evaluators screen the same candidate, accepting the option that everyone else declined can signal a hidden defect rather than a lucky find.
Verification¶
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