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Quantitative Finance · शब्दावली

Winner’s curse क्या है?

Definition 30.5 Markets II: Rates, FX and Credit · अध्याय 30 — Market-Making Games

The winner’s curse is the tendency of the winner of an auction among bidders with noisy estimates of a common value to have overestimated it: winning is itself evidence that one’s estimate was too high.

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