We generalize standard school choice models to allow for interdependent preferences and differentially-informed students. We show that in general, the commonly-used deferred acceptance mechanism is no longer strategy-proof, the outcome is not stable, and may make less informed students worse...

Abstract An implicit assumption in most of the matching literature is that all participants know their preferences. If there is variance in the effort agents spend researching options, some may know more about their preferences, while others may know less. When this is true, strategizing is...