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The Behavior of the Second Highest Bidder in Tiger's (1980)dollar

Question 120

Multiple Choice

The behavior of the second highest bidder in Tiger's (1980) dollar auction demonstrates


A) effective use of the sunk cost principle.
B) that people do not handle money as carefully as professionals do.
C) escalation of a counterproductive endeavor.
D) the fact that people take greater risks when gains are at stake.

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