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In which of the following scenarios is the winner of the auction LEAST likely to suffer from the winner's curse? A son winning his mother's

In which of the following scenarios is the winner of the auctionLEASTlikely to suffer from the winner's curse?

A son winning his mother's favorite painting to give her for her birthday.

A diamond dealer placing the winning bid for a set of stones on the diamond exchange.

A construction company bidding on a contract to build a new apartment complex.

A restaurant bidding on a prime NYC location.

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