OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
In the meantime, the OxTalks site will remain active and events will continue to be published.
If staff have any questions about the Oxford Events launch, please contact halo@digital.ox.ac.uk
We introduce a novel and general method for how to make choices without assuming common knowledge or equilibrium behavior. We apply this method to bidding in first-price auctions and test our recommendations using data on bidding in auctions. The method prescribes to first rule out some environments and then to find a so-called robust (bidding) rule that performs well in each of those remaining. This method generates explicit bidding recommendations that we test in laboratory experimental auctions as well as in field data which come from timber auctions. Our recommendations outperform the bids made in the data.
