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<p dir="ltr">Ever put in the winning bid for something on an auction site only to realize you significantly overpaid? Yeah, there’s a phrase for that. On today’s show: the winner’s curse.<br/><br/>Richard Thaler’s new book with Alex O. Imas is <a href="https://www.simonandschuster.com/books/The-Winners-Curse/Richard-H-Thaler/9781982165116"target="_blank" >The Winner’s Curse: Behavioral Economics Anomalies, Then and Now</a>.<p dir="ltr">Read Planet Money’s <a href="https://www.npr.org/sections/planet-money/2025/11/11/g-s1-96954/how-to-avoid-the-winners-curse"target="_blank" >newsletter on the winner’s curse</a>. <p dir="ltr"><p dir="ltr"><em>For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at <a href="http://plus.npr.org/"target="_blank" >plus.npr.org</a>. Fact-checking by <a href="https://www.npr.org/people/1268825622/sierra-juarez"target="_blank" >Sierra Juarez</a>. Music by <a href="https://dropelectric.bandcamp.co...