OxTalks will soon be transitioning to Oxford Events (full details are available on the Staff Gateway). A two-week publishing freeze is expected to start before the end of Hilary Term to allow all future events to be migrated to the new platform. During this period, you will not be able to submit or edit events on OxTalks. The exact freeze dates will be confirmed on the Staff Gateway and via email to identified OxTalks users.
If you have any questions, 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.
