Which of the following is not an explanation for "sniping" behavior in second-price auctions?
A) Other bidders are not playing Nash Equilibrium.
B) You can increase your pay-off by bidding at the end.
C) The belief that you are in a sequential second second-price auction.
D) As the bidding continues you increase your attachment to the object and your valuation increases.
Correct Answer:
Verified
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