Which of the following involves the feeling after winning an auction that you paid too much for an item?
A) herd behavior
B) winner's regret
C) seller's lament
D) loser's lament

Question

Quizplus · Accepted Answer

Winner's regret involves the feeling after winning an auction that you may have paid too much for an item. Herd behavior refers to the tendency for individuals to follow the actions of a larger group, even if it goes against their personal beliefs. Seller's lament is the feeling a seller may have after selling an item for less than they feel it was worth. Loser's lament is the feeling a bidder may have after losing an auction.

Which of the Following Involves the Feeling After Winning an Auction