This Factor Contributes to the Winner's Curse

question 1

Multiple Choice

This factor contributes to the winner's curse

• A)your estimate of the value of the object was not the most optimistic
• B)your bid was the highest
• C)there were not many other bidders you had to beat out
• D)you did not shade your bid enough

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Definitions:

Grade Point Average

A numerical calculation that represents the average value of the accumulated final grades earned in courses over time, typically on a scale from 0 to 4.0.

Semester Grades

The final assessment of a student's performance in their courses over a semester.

Relative Frequency

The ratio of the number of times a particular value or event occurs to the total number of occurrences.

Frequency

The number of times an event or data value occurs.