Quiz Ch 15 – Identifying the Phenomenon of Overbidding in Auctions

Principles of Corporate Finance

Brealey, Myers, and Allen

13th Edition

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What term describes the chance that the highest bidder in an auction may have bid a price significantly higher than the actual value?

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  • Search Terms: a) (far (highest a above an auction auction. auction. d) bid bidder) called curse. b) english have high in is may possibility price process seniority. c) that the uniform-price value) very winner winner's
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