Examlex
In social psychological experiments, confederates play the role of:
Auctioneer
A person or company that conducts auctions by accepting bids and declaring goods sold.
Mineral Rights
Legal entitlements associated with the ownership of minerals found beneath the surface of a piece of land.
Common Value Auction
A type of auction where the item for sale has a universal value that is the same for all bidders, but the bidders may have different information about this value.
Unexploited Oilfield
An oilfield that has been discovered but not yet developed or used for extraction.
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