We conduct an incentivized lab experiment to test participants' ability to understand the DA matching mechanism and the strategyproofness property, conveyed in different ways. We find that while many participants can (using a novel GUI) learn DA's mechanics and calculate its outcomes, such...

What explains the mixed evidence from laboratory tests of Kőszegi and Rabin's (2006 and later) model of expectations-based reference-dependent preferences? We investigate one hypothesis: to become (behavior-affecting) reference points, probability beliefs have to sink in--being merely lagged,...

This paper is aimed to assess, with two lab experiments, to what extent Kőszegi and Rabin's (2006) model of expectations-based reference-dependent preferences can explain Knetsch's (1989) endowment effect. Departing from past work, we design an experiment that treats the two goods (a mug and a...

Deferred Acceptance (DA), a widely implemented algorithm, is meant to improve allocations: under classical preferences, it induces preference-concordant rankings. However, recent evidence shows that--in both real, large-stakes applications and experiments--participants frequently play seemingly...

How do people compare bundles of social-distancing behaviors? During the COVID pandemic, we showed 676 online respondents in the US, UK, and Israel 30 pairs of brief videos of acquaintances meeting. We asked them to indicate which in each pair depicted greater risk of COVID infection. Their...

We propose and initiate the study of privacy elasticity--the responsiveness of economic variables to small changes in the level of privacy given to participants in an economic system. Individuals rarely experience either full privacy or a complete lack of privacy; we propose to use differential...

This chapter was prepared for Elsevier's Handbook of Social Economics (edited by Jess Benhabib, Alberto Bisin, and Matthew Jackson). It brings together some of the recent empirical and experimental evidence regarding preferences for social status. While briefly reviewing evidence from different...

How do people compare bundles of social-distancing behaviors? During the COVID pandemic, we showed 676 online respondents in the US, UK, and Israel 30 pairs of brief videos of acquaintances meeting. We asked them to indicate which in each pair depicted greater risk of COVID infection. Their...