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We investigate the possibility that a decision-maker prefers to avoid making a decision and instead delegates it to an external device, e.g., a coin flip. In a series of experiments our participants often choose a stochastically dominated lottery between outcomes, contradicting most theories of...
Persistent link: https://www.econbiz.de/10010350796
We document experimentally how biased self-assessments affect the outcome of labor markets. In the experiments, we exogenously manipulate the self-confidence of participants in the role of workers regarding their relative performance by employing hard and easy real-effort tasks. Participants in...
Persistent link: https://www.econbiz.de/10012138436
Persistent link: https://www.econbiz.de/10012138437
The matching literature commonly rules out that market design itself shapes agent preferences. Underlying this premise … matching process. Under this assumption, a centralized matching market can often outperform a decentralized one. Using a quasi …
Persistent link: https://www.econbiz.de/10012014369
Persistent link: https://www.econbiz.de/10012024222
The paper surveys the experimental literature on matching markets. It covers house allocation, school choice, and two …-sided matching markets such as college admissions. The main focus of the survey is on truth-telling and strategic manipulations by … the agents, on the stability and efficiency of the matching outcome, as well as on the distribution of utility. …
Persistent link: https://www.econbiz.de/10012004446
The paper surveys the experimental literature on matching markets. It covers house allocation, school choice, and two …-sided matching markets such as college admissions. The main focus of the survey is on truth-telling and strategic manipulations by … the agents, on the stability and efficiency of the matching outcome, as well as on the distribution of utility. …
Persistent link: https://www.econbiz.de/10012033568
The matching literature commonly rules out that market design itself shapes agent preferences. Underlying this premise … matching process. Under this assumption, a centralized matching market can often outperform a decentralized one. Using a quasi …
Persistent link: https://www.econbiz.de/10012033869
We document experimentally how biased self-assessments affect the outcome of matching markets. In the experiments, we …, or to wait for the assortative matching based on their actual relative performance. Early offers are accepted more often …
Persistent link: https://www.econbiz.de/10011591092
properties in diverse settings such as matching, auctions, and exchange economies with indivisible goods. We extend earlier …
Persistent link: https://www.econbiz.de/10012158861