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Professor Tom Wilkening researches how to design markets, auctions and economic institutions in environments where behavioural biases and inexperience may affect how people make decisions. His research combines experimental economics with theory to understand how markets evolve and to understand the role the government and private sector might play to improve them. A significant part of Professor Wilkening's research involves the design of two-sided markets where buyers and sellers have preferences over packages of goods. In addition to research into market design, Professor Wilkening documents human behaviours in non-market settings, such as in organisations or bilateral negotiations. His research explores how economic efficiency can be improved in these settings, through more realistic assumptions about human behaviour.
The University of Melbourne • Melbourne, Australia
Leading research on market design, auctions, and economic institutions.