Remember, there is no danger of the winner's curse if you are sure about the value of an item to you . In that situation, the auction device serves its proper purpose of putting the item in the hands of whoever values it the most.
It's assumed, of course, that you'll do your research on what reasonable prices would look like in these circumstances.
mnli hypothesis: It's assumed, of course, that you'll do your research on what reasonable prices would look like in these circumstances. premise: Remember, there is no danger of the winner's curse if you are sure about the value of an item to you . In that situation, the auction device serves its proper purpose of putting the item in the hands of whoever values it the most.