overbid


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Synonyms for overbid

a bid that is higher than preceding bids

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(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)

Synonyms

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to bid for more tricks than one can expect to win

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bid more than the object is worth

References in periodicals archive ?
But it is possible to prove one property of the minimal overbid auction.
9) This finding is consistent with previous experimental literature on contests, which document that on average subjects overbid relative to the theoretical predictions in the range from 20% to 200% (Morgan, Orzen, and Sefton 2012; Sheremeta 2011).
The OFT acted over so-called 'cover pricing' where contractors uninterested in a job overbid for a tender, allowing another firm to secure work with an inflated price.
However, only 12 percent of bidders systematically overbid.
Worse yet, the brokers crossed the line from questionable ethical practice into downright criminal activity by rigging the bidding process and asking other insurers to overbid on business in exchange for future favors.
Overbid procedures have been established by the United States Bankruptcy Court for the Southern District of California.
Challenger platform TPS recently overbid Canal Plus Group for Warner and Disney movie packages.
It can make life more difficult for competing bidders by negotiating with the debtor ground rules for the overbid procedure.
An overbid on this hand gave declarer the chance to show their card playing ability.
We had to make sure that the details were covered very thoroughly and to make sure that no one overbid us," Barden recalls.
I started bidding in Dutch guilders," as she tells it, "and I overbid and had to dash to the lobby and call my bank.
In a parallel step, the French group Elf Aquitaine had made a bid for Saga with an 8 % overbid in relation to Norsk Hydro's offer.
An astute buyer, represented by competent counsel, will seek to offset some of the drawbacks of potentially losing the sale with an overbid and sale procedures motion.
Previous studies suggest that due to irrationality, hubris, miscalculation, the "winner's curse," or managerial objectives other than stockholder wealth maximization, some bidding firms may often simply overbid for their respective targets (Boebel and Harris |5~, Giammarino and Heinkel |9~, Morck, Shleifer, and Vishny |18~, Roll |21~, Ruback |22~, Shleifer and Vishny |25~, and Varaiya and Ferris |27~).
The title of the book, The Winner's Curse, is derived from the observation that the winning bidder in an auction is likely to have overbid when the number of competing bidders is large.