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A tendency that people overpay to get the auction item due to emotional reasons or wrong information, so winning bid exceeds the true value of
A tendency that people overpay to get the auction item due to emotional reasons or wrong information, so winning bid exceeds the true value of the item. Question 6 options: Bidding economic theory Game theory Winner's Curse Auction theory Chicken game
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
