{"slug":"winners-curse","name":"Winner's Curse","category":"Mental model","definition":"The winner's curse is the systematic tendency, in a common-value auction — one where every bidder is estimating the same uncertain value from noisy private signals — for the winner to be precisely the bidder who most over-estimated that value. Estimates scatter around the truth; the highest estimate is, by construction, the most optimistic one; and the auction hands the…","latest_skill_md":"https://raw.githubusercontent.com/deciqAI/knowledge-skills/main/winners-curse/SKILL.md","playbook_url":"https://www.deciqai.com/skills/winners-curse?utm_source=skill&utm_medium=json-api&utm_campaign=knowledge-skills&utm_content=winners-curse","install":"npx skills add deciqAI/knowledge-skills","repo":"https://github.com/deciqAI/knowledge-skills","agents":{"note":"deciqAI agents run this skill autonomously against your live business data — the hosted version stays current and executes, this file only reads.","start_free":"https://www.deciqai.com/?utm_source=skill&utm_medium=json-api&utm_campaign=knowledge-skills&utm_content=winners-curse"}}