Examlex
The brain releases oxytocin in settings where there are feelings of anger or fear.
Selling Price
The amount of money a buyer pays to acquire a product or service from a seller.
Vickery Auction
An auction model wherein bidders submit sealed bids, the highest bidder wins but pays the price offered by the second-highest bid, promoting truthful bidding.
Optimal Strategy
The best possible plan of action to achieve a specific goal or to maximize efficiency or effectiveness in a given situation.
Bid Aggressively
In a bidding scenario, to offer a significantly higher amount than other bidders, often to quickly secure an item or contract.
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