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Seeking Alpha 2021-11-24 12:27:00

The Constitution DAO Owner And The Winner's Curse

A bunch of crypto enthusiasts created a thing called Constitution DAO. A DAO is a Decentralized Autonomous Organization.The Winner's Curse, in short, is the way in which the winning bidder at an auction can succumb to various behavioral biases that lead them to overbid on an item thereby cursing them with the win.In a world where financial asset prices seem to only go up it makes one wonder if the Winner’s Curse is even a thing anymore.

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