Supplementary material for "Level-k Auctions: Can a Non-Equilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?": Graphs

This file contains Section E of the Web Appendix, which graphs the logit bid densities for Random L1, Random L2, Truthful L1, Truthful L2, and Equilibrium and Representative Precisions, to illustrate the implications of the precision estimates reported in Tables IIIa-IIId and Section D of the Web Appendix.

Supplemental Authors: 
Vincent P. Crawford and Nagore Iriberri