3 pages max, with harvard style referencing please.(A) What is the “winner’s curse” in an auction? In the context of a simple ascending-price
auction, how might bidders adjust their strategies to account for this? (B) Find and document carefully two real-world situations in which (i) a winner appears to
have fallen for the winner’s curse; and (ii) bidders seem to have acted cautiously out of a
desire to avoid the curse.