Words similar to bidders
Example sentences for: bidders
How can you use “bidders” in a sentence? Here are some example sentences to help you improve your vocabulary:
, over $1,000) bottle of Bordeaux wine, three bidders submitted eight different bids in the first three days.
Economists have pointed out that if bidders were truly rational, they'd simply reduce their bids to correct for the winner's curse.
Steven E. Landsburg suggests, somewhat tongue in cheek, that we allow the president of the United States, after he leaves office, "to sell 10,000 U.S. citizenships to the bidders of his choice.
Of course, that explanation works only if I care about the other bidders' opinions--say, because I think they know more than I do or because I'm trying to predict what kind of resale market I might face someday.
But the winner's curse afflicts auction bidders whenever there is uncertainty over the current or eventual value of the item on the block.