Rubber bridge they must play a card of the suit led if they have one. A player who has no cards of the suit led may play any card either discarding or trumping. A trick is won by the highest card of the suit led unless trumps are played, when the highest trump wins. The winner of the trick leads to the next trick. The main article includes a detailed description of rubber bridge scoring with examples. Essentially, each winning bid's value is scored "below the line" (e.g., 3 Spades nets 90 points below the line) and overtricks, bonuses, etc. are scored
Winner's curse to account for the winner's curse when bidding (an outcome that, according to the revenue equivalence theorem, need never occur). In a common value auction, the auctioned item is of roughly equal value to all bidders, but the bidders don't know the item's market value when they bid. Each player independently estimates the value of the item before bidding. The winner of an auction is the bidder who submits the highest bid. Since the auctioned item is worth roughly the same to all bidders, they are distinguished only by their respective estimates of the market value. The winner, then, is