Matching
-A team was in pursuit to sign a highly sought-after free agent.It gave the player the highest offer of all the teams,and ultimately signed him to a high-paying contract.The player did not live up to expectations during the subsequent season.
A)Change blindness
B)The winner's curse
C)Inattentional blindness
D)Reference group neglect
E)System neglect
F)focalism

Question

Quizplus · Accepted Answer

The scenario describes the "winner's curse," which occurs when a party overbids for an asset or opportunity and ends up with a worse outcome than expected. This can happen in situations where multiple parties are vying for the same thing and bidding aggressively, leading to an inflated price. In this case, the team gave the player the highest offer, but the player did not perform well during the next season, suggesting that the team may have overpaid for his services.

Matching -A Team Was in Pursuit to Sign a Highly Sought-After