Which of the following demonstrates behavior of the second highest bidder in Teger's (1980) dollar auction?

Question

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Teger's (1980) dollar auction experiment illustrates the escalation of commitment, where participants continue to bid to avoid losing their previous investment, even when it becomes counterproductive. This is seen in the behavior of the second highest bidder, who keeps increasing their bid to try to win, despite the increasing costs.

Which of the Following Demonstrates Behavior of the Second Highest