The Potential Size of the Winner's Curse Increases As

question 41

Multiple Choice

The potential size of the winner's curse increases as:

• A) the degree of uncertainty about the value of the item increases.
• B) the number of bidders declines.
• C) buyers are better able to assess the true value of the item.
• D) buyers become more risk averse.
• E) the value of the item up for bid increases.

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