How do beliefs on admission probability influence application choices? In this study, we empirically investigate whether and how admission probability is reflected in application choices in a centralized admission system. We exploit a novel setting of a dynamic deferred acceptance mechanism as...

How do beliefs on admission probability influence application choices? In this study, we empirically investigate whether and how admission probability is reflected in application choices in a centralized admission system. We exploit a novel setting of a dynamic deferred acceptance mechanism as...

In a representative democracy politicians should either implement policies that voters want or policies that politicians believe are in voters long-term interest, even if voters currently oppose them. While the exact balance between these goals is debatable, politicians can also have strong...

In a representative democracy politicians should either implement policies that voters want or policies that politicians believe are in voters long-term interest, even if voters currently oppose them. While the exact balance between these goals is debatable, politicians can also have strong...