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lotteries that involve multiple outcomes. We run experiments to demonstrate that dominated randomization can be attractive. In …
Persistent link: https://www.econbiz.de/10009724701
external device, e.g., a coin flip. In a series of experiments our participants often choose a stochastically dominated lottery …
Persistent link: https://www.econbiz.de/10010350796
In school choice problems, the widely used manipulable Immediate Acceptance mechanism (IA) disadvantages unsophisticated applicants, but may ex-ante Pareto dominate any strategy-proof alternative. In these cases, it may be preferable to aid applicants within IA, rather than to abandon it. In a...
Persistent link: https://www.econbiz.de/10012697476
students, and the student composition at schools, using theory and experiments. We find that the lottery quota strengthens … more diverse school populations in the experiments, as predicted. Comparing the two mechanisms, students with the lowest …
Persistent link: https://www.econbiz.de/10011918363
The matching literature commonly rules out that market design itself shapes agent preferences. Underlying this premise is the assumption that agents know their own preferences at the outset and that preferences do not change throughout the matching process. Under this assumption, a centralized...
Persistent link: https://www.econbiz.de/10012014369