The World Cup

The concept of the 'Winners Curse' is common in sports. This is especially relevant with big name free agents that demand large amounts of money. The team most likely to overbid on that free agent gets an enormous pay burden placed on the team. They won the bidding, but are cursed with the contract. The same was true yesterday in the bidding for the world cup as Dennis Coates puts it (via Freakonomics).