Take the following as truth: Remember, there is no danger of the winner's curse if you are sure about the value of an item to you . In that situation, the auction device serves its proper purpose of putting the item in the hands of whoever values it the most.
Then the following statement: "It's assumed, of course, that you'll do your research on what reasonable prices would look like in these circumstances." is true, false, or inconclusive?
Answer: Inconclusive