​To Avoid the Winners Curse

question 44

Multiple Choice

​To avoid the winners curse

• A)​Bid as if you have estimated the valuation higher than any other bidder
• B)Bid as if you have estimated the valuation highest
• C)Bid as if you are the smartest of all the bidders
• D)​Bid as if everyone else has a terrible estimate of the value of the product

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Definitions:

Politeness

The act of showing consideration, respect, and good manners towards others.

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