« previous next »

Author Question: Which of the following situations can lead to a winner's curse? a. A bid which is won by multiple ... (Read 80 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
Which of the following situations can lead to a winner's curse?
 a. A bid which is won by multiple bidders but fails to cover the expectations of the seller.
  b. A win which makes a player over-enthusiastic about further gambles.
  c. An overoptimistic bid which helps the bidder to win but fails to cover his costs.
  d. A win which makes the player risk-averse toward future gambles.

Question 2

Firms cannot resemble
 A) incomplete contracts.
  B) democracies.
  C) an organization without externalities.
  D) a benevolent dictator.


mochi09

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

There are multiple pathways for heat exchange between organisms and the environment. There are multiple pathways for heat exchange between organisms and the environment.
Multiple Planets Multiple Planets
Shy children often have a high arousal level in novel social situations. Over time, parents can help ... Shy children often have a high arousal level in novel social situations. Over time, parents can help ...
Coenzyme Q collects electrons from multiple flavoproteins Coenzyme Q collects electrons from multiple flavoproteins
Nutrition-related research findings are often lead stories in newspapers, magazines, and on websites Nutrition-related research findings are often lead stories in newspapers, magazines, and on websites
Lead Displaces Iron Lead Displaces Iron
Video: Monohybrid crosses

For a complete list of videos, visit our video library