Examlex
When connected to a network, an operating system on the network may assume some of the operating system functions on the client computer or mobile devices.
Sealed Bid Auctions
Auctions in which all bidders simultaneously submit sealed bids, with no knowledge of the bid amounts offered by competitors.
Oral Auctions
A public bidding event where bids are made through spoken communication.
Winner's Curse
A phenomenon that occurs in common value auctions, where the winner tends to overpay due to overly optimistic estimation of the asset's value.
Optimistic Estimate
A projection or forecast that assumes the most favorable conditions and outcomes.
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