Keep an eye out on the TV for what is the best possible 30-second demonstration of the winner's curse. Unfortunately, I can only find this online, which requires a subscription to view it.
The commercial is for Edward Jones Investments. The setting is an art auction where a piece sells for $50,000 to an enthusiastic buyer. The buyer, immediately upon winning, stands up and requests the auctioneer to auction-off the painting again on his behalf.
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3 comments:
winner's curse or shrewd speculation?
see for example this
http://scholar.google.com/scholar?hl=en&lr=&client=firefox-a&q=auctions+with+resale&btnG=Search
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Making a commercial should be so difficult I mean a very good good commercial, my best friend wanted to making one, so he doesn't have the sources, I'm gonna share this information with him.m10m
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