Thanks for the great clues, Ying!
After a few tries, I was finally able to get this working. Here's a recap for others that may have similar issues:
Sign-in to your Yahoo account, click the "MyApps" menu and choose "YDN Apps". Create an app. Choose your "Application Name" carefully, because it will be displayed in the sign-in widget. The "Home Page URL" should be your wigetUrl. Be sure to check the "API Permissions" you need, such as "Profiles (Social Directory)" because once you create your app, there is no way to edit your selection(s). Not selecting anything seems to leave your app in a useless state.
While all the "API Permissions" selections are (presumably) linked to help page descriptions, unfortunately (at least for me) they lead to empty pages with the Yahoo common header and footer, and no content except for the message:
An internal error occurred (eid 9411515).Some of the Yahoo pages contain seemingly useful links, but don't go anywhere, at least for me. For example:
As with OAuth 1.0 you must first sign up and get both a Consumer Key and Consumer Secret.
https://developer.yahoo.com/oauth/guide/oauth-auth-flow.html#oauth-consumerkey
Questions and suggestions on the OAuth API are discussed on the Yahoo OAuth Developer Community forum.
https://developer.yahoo.com/forums/#/categories/oauth-and-openid
Sometimes these pages display a "Yahoo has engineers working on the problem..." message.