v.

bid (a hand of cards) at less than the strength of the hand warrants

bid lower than a competing bidder

bid too low

Underbidding the Job
The inevitability of rational underbidding
The Overbidding-Myth and the Underbidding-Bias in First-Price Auctions
Assessment Methods of Reasonable Successful Underbidding
Over‐ and Underbidding in Central Bank Open Market Operations Conducted as Fixed Rate Tender
When Underbidding Below Cost to Win a Public or Government-Funded Contract May Violate the False Claims Act
Auctions with Anticipated Emotions: Overbidding, Underbidding, and Optimal Reserve Prices
Another explanation for overbidding and another bias for underbidding in first-price auctions
Another explanation for overbidding and another bias for underbidding in first-price auctions.
Creditor’s Inability to Set Aside a Judicial Foreclosure Sale Despite Gross Underbidding: Amalgamated Bank v Superior Court (2007)