Appendix: Winning an auction can be exhilarating,but it can also lead to doubt as to whether you did the right thing or not.This is called:
A) The regret effect.
B) Moral hazard.
C) Second wind.
D) The winner's curse.

Question

Quizplus · Accepted Answer

The doubt or regret that comes after winning an auction is commonly known as the winner's curse. This is because the winning bid may more closely reflect the bidder's overestimation of the true value of the item being auctioned, leading to doubts about whether the winning bid was a good decision or not.

Appendix: Winning an Auction Can Be Exhilarating,but It Can Also