A situation in which a bidder over-values an auction item and is worse off because their bid is too ...

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A situation in which a bidder over-values an auction item and is worse off because their bid is too ...

A situation in which a bidder over-values an auction item and is worse off because their bid is too high is known as the:
A) Ellsberg Paradox.
B) winner's curse.
C) Arrow Impossibility Theorem.
D) curse of the commons.

Textbook

Microeconomics

Edition: 8^th

Author: Pindyck

Read 251 times

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nakungth Author

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