IN ECONOMICS, THERE'S A CONCEPT called the “ winner's curse .” It means that the person who ends up winning an auction has often overpaid for the prize.
Catherine Rampell is a Special Correspondent at The Washington Post. She covers a diverse range of topics including economic policy, immigration, tax, and politics, with a keen focus on the global economy and current affairs. Catherine's insights and analyses have been featured in numerous publications such as PBS, The New York Times, and CNN.













