What is the winner curse in an auction

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Reference no: EM132246721 , Length: word count:850

Question -

(A) What is the "winner's curse" in an auction? In the context of a simple ascending-price auction, how might bidders adjust their strategies to account for this?

(B) Find and document carefully two real-world situations in which (i) a winner appears to have fallen for the winner's curse; and (ii) bidders seem to have acted cautiously out of a desire to avoid the curse.

Need 850+ words. This essay must be completed in 3 pages or less, in a normal size font. Reference, Harvard style, must be included.

Reference no: EM132246721

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