When I see these distribution of prices. This really reminds me of the set up of a funny economic phenomenon commonly known as the winners curse.
When a good has common but yet to be unknown value, the winners of the first set of auctions will almost always be overestimating its value. Based on the numbers I see on the poll, looks like a much more like 10-12$ range then 20+.
When a good has common but yet to be unknown value, the winners of the first set of auctions will almost always be overestimating its value. Based on the numbers I see on the poll, looks like a much more like 10-12$ range then 20+.