The Winner’s Curse (WC) is one of the most robust and persistent deviations fromtheoretical predictions that has been … the winner’s curse, such as ignoring the cognition process of other agents, having a cursed system of beliefs, the …

In common value auctions the winning bid often exceeds the value of the good purchased. This "winnerÂ’s curse" is bad … bid more than the expected value. Furthermore, if sellers have different forecasts about the extent of the winnerÂ’s curse … expected to suffer from a winnerÂ’s curse of their own. In this paper I report on results from a new experiment where one group …