overbidding overbidding

Definition(s):

  1. (n) a bid that is higher than preceding bids
  2. (n) (bridge) a bid that is higher than your opponent's bid (especially when your partner has not bid at all and your bid exceeds the value of your hand)
  3. (v) to bid for more tricks than one can expect to win,
  4. (v) bid more than the object is worth

Usage(s):

  1. But business fortunes are built, like Pick-a-Pair victories, on risk, a little luck and pricing assets: calculating, assessing value and never overbidding.
  2. Now all you have to worry about is overbidding.

News

  • How Self-Made Millionaires Avoid the Winner's Curse

    In auctions, if you end up overbidding and win, you lose. This is known as the winner?s curse. It turns out to be pretty common at auctions because all sorts of pressures and reactionary impulses spur the bidders forward. Competition and the ?need? to win can easily result in someone seriously overpaying.
    on October 28, 2013     Source: Forbes

Quotes

  1. "The overbidding is a constant and it always makes me mad and Serge calms me down," Schmidt said while he and Google co-founder Sergey Brin spoke with reporters on Wednesday. "Eventually these are businesses that have to be profitable."
    on Oct 25, 2007 By: Eric Schmidt Source: AFP

  2. "It sounds like they're overbidding," Melvin said. "If the speculation is true that we've offered CC $100 million, why would you offer $140 million? Why wouldn't you offer $110 million?"
    on Nov 14, 2008 By: Doug Melvin Source: River Ave. Blues

  3. "You have to be careful of overbidding in a round like this," Mandelson said.
    on Oct 12, 2005 By: Peter Mandelson Source: International Herald Tribune

Word of the Day
periphery periphery
/pə ˈrɪ fə ri /