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Knowing me, imagining you: Projection and overbidding in auctions

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Figure

Table 1: Data sources
Table 2: Summary statistics of bidding in the first-price auctions
Figure 2: First-price auctions with common values (KL86), inexperienced subjects (a–d)vs
Table 3: Statistical tests of differences in the degree of overbidding and within-subjectvariance between auctions with affiliated private values and common values
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