The Winner's Curse Refers To

Multiple Choice

The winner's curse refers to:

A) bidding an amount higher than your maximum willingness to pay in an effort to 'win' in a private values auction.
B) winning a private values auction and later determining that you bid more than you had really intended to.
C) winning a common values auction and bidding more than the object is worth.
D) winning an item in a common values auction that you don't really want.