2min chapter

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#33 Classic episode - Anders Sandberg on cryonics, solar flares, and the annual odds of nuclear war

80,000 Hours Podcast

CHAPTER

The Winner's Curse in Auctions

"Unilateraist curse" is a paper that riffs on the winner's curse in auctions. In an auction, people try to estimate how much they should pay for a company and then bid less than what they really think it worth. The more bids you make, the better your odds are of paying about the right amount. "In our case it's more that if you think something has a certain value, it's good to release vhegmor," he says.

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