ScrewDownCrown

ScrewDownCrown

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ScrewDownCrown
ScrewDownCrown
Watch collecting and the winner's curse

Watch collecting and the winner's curse

How information asymmetry leads to poor purchase decisions

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kingflum
Jan 19, 2022
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ScrewDownCrown
ScrewDownCrown
Watch collecting and the winner's curse
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The winner's curse is not a new concept, and it came up recently in an online newsletter, and got me thinking about how it applies to watches. As always, I look forward to your feedback on the topic. 

The Winner's Curse

The winner’s curse is a famous empirical phenomenon in common value auctions, first described by Capen, Clapp, and Campbell (1971). These…

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