​Winning a common-value auction is

A) ​An indication that your valuation may have been spot on
B) An indication that your valuation may have been too pessimistic
C) Indicates that your valuation may have been too optimistic
D) ​None of the above

Valuation

The process of determining the present value of an asset, company, or investment.

Common-value Auction

An auction type where the item for sale is valued equally by all bidders, but the true value is unknown until after the auction ends.

Too Optimistic

Characterizes a perspective or expectation that is overly positive or hopeful, often without sufficient grounding in reality.