We investigate biases in the measurement of exoplanet orbital parameters – especially eccentricity – from radial velocity (RV)observations. In this contribution we consider single-planetsystems. We create a mock catalog of RV data, choosing planet massesand orbital periods, and observing patterns to mimic those of actual RVsurveys. Using Markov chain Monte Carlo (MCMC) simulations, wegenerate a posterior sample for each mock data set, calculate best-fitorbital parameters for each data set, and compare these to the truevalues. We find that the precision of our derived eccentricities ismost closely related to the effective signal-to-noise ratio,K√N/σ, where K is the velocity amplitude, σ isthe effective single-measurement precision, and N is the number ofobservations. We also find that eccentricities of planets on nearlycircular (e<0.05) orbits are preferentially overestimated. While theButler et al. (2006) catalog reports e<0.05 for just 20% of itsplanets, we estimate that the true fraction of e<0.05 orbits isabout 50%. We investigate the accuracy, precision, and bias ofalternative sets of summary statistics and find that the median valuesof h = esinω and k = ecosω (where ω is thelongitude of periapse) of the posterior sample typically provide moreaccurate, more precise, and less biased estimates of eccentricity thantraditional measures.