Which of the following refers to a tendency to overbid an item in a socially competitive environment?

Question

Quizplus · Accepted Answer

Auction fever refers to the tendency to overbid on an item in a competitive auction setting. This can be influenced by factors such as emotions, social status, and the desire to win the item. The other options, neural circuitry of reward, mere ownership effect, and endowment effect, do not specifically relate to the tendency to overbid in a competitive auction.

Which of the Following Refers to a Tendency to Overbid