The term "winner's curse" is best defined as:
a. The statistical phenomenon where top performers in sports often fail to replicate their peak performance due to regression to the mean.
b. The legal repercussions faced by top managers who make decisions that do not align with the best interests of company owners.
c. A scenario where risk-averse individuals end up paying insurance premiums that surpass their expected losses.
d. The occurrence of an auction winner paying more than the actual value of the item.