The Indicator from Planet Money - The winner’s curse

Ever put in the winning bid for something on an auction site only to realize you significantly overpaid? Yeah, there’s a phrase for that. On today’s show: the winner’s curse.

Richard Thaler’s new book with Alex O. Imas is The Winner’s Curse: Behavioral Economics Anomalies, Then and Now.

Read Planet Money’s newsletter on the winner’s curse

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  

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More or Less - Has there been a $50 trillion wealth transfer to the richest Americans?

Bernie Sanders says a vast amount of wealth - $50 trillion - has moved from 90% of the population to the wealthiest Americans since the 1970s. The figure comes from a study by Carter Price, a senior mathematician at nonprofit research institute the RAND Corporation.

Tim Harford speaks to Carter to understand how he calculated his figures and what they really mean.

If you’ve seen a number in the news you think we should take a look at, email moreorless@bbc.co.uk

Presenter: Tim Harford Producer: Nicolas Barrett Series producer: Tom Colls Sound mix: Giles Aspen Editor: Richard Vadon

The Indicator from Planet Money - 50-year mortgages, falling real wages, and doing your rideshare due diligence

It’s … Indicators of the Week! We look at some of the most fascinating economic numbers from the news and bring them to you.

On today’s episode: The cost of living is outstripping wage growth for most of us, the math behind the Trump administration’s proposed 50-year mortgages, and how we’re just giving Uber and Lyft free money

Related episodes: 

Trump's plans for the housing market 

The Money Illusion: Have Americans really gotten a raise? 


For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  

Learn more about sponsor message choices: podcastchoices.com/adchoices

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