This factor contributes to the winner's curse
a. your estimate of the value of the object was the most optimistic
b. your bid was not the highest
c. there were not many other bidders you had to beat out
d. you shaded your bid too much
a
You might also like to view...
Explain the statement "There is no such thing as a free lunch."
What will be an ideal response?
After a loan is made, the:
a. M2 money supply rises until the loan is repaid. b. M2 money supply rises until the loan is spent. c. M2 money supply rises until the loan is cleared. d. M2 money supply does not change until the loan is spent. e. M2 money supply does not change until the loan is cleared.
Quantitative easing (QE) refers to:
A. information that a central bank provides to the financial markets regarding its expected future monetary policy path. B. a process similar to open-market sales. C. lending of reserves by the Federal Reserve to commercial banks. D. a process similar to open-market purchases.
The major difference between a closed economy and an open economy is that a(n)
A. closed economy balances budget, while an open economy does not. B. open economy is a market economy, while a closed economy relies on planning. C. open economy interacts with the rest of the world, while a closed economy does not. D. closed economy keeps political affairs secret, while an open economy does not.