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Experiments on matching markets: a survey

Hakimov, Rustamdjan; Kübler, Dorothea - 2019

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...

Persistent link: https://www.econbiz.de/10012004446

Flipping a coin : theory and evidence

Dwenger, Nadja; Kübler, Dorothea; Weizsäcker, Georg - 2014 - rev.

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

Preference for randomization : empirical and experimental evidence

Dwenger, Nadja; Kübler, Dorothea; Weizsäcker, Georg - 2013

lotteries that involve multiple outcomes. We run experiments to demonstrate that dominated randomization can be attractive. In …

Persistent link: https://www.econbiz.de/10009724701

What point of a distribution summarises point predictions?

Kröger, Sabine; Pierrot, Thibaud - 2019

In this article, we study the point predictions that forecasters report when they are asked to predict the realisation of an iid random variable. We set up a laboratory experiment where the participants act as forecasters predicting the next realisation of random draws coming from different...

Persistent link: https://www.econbiz.de/10012115998

Comparison of different question formats eliciting point predictions

Kröger, Sabine; Pierrot, Thibaud - 2019

Survey questions that elicit point predictions regarding uncertain events face an important challenge as human forecasters use various statistics to summarise their subjective expectations. In this paper, we take up the challenge and study whether alternative formulations of the questions used...

Persistent link: https://www.econbiz.de/10012115999

Risk taking, preferences, and beliefs : evidence from Wuhan

Bu, Di; Hanspal, Tobin; Liao, Yin; Liu, Yong - 2021

, while heterogeneity in experience further affect risk taking through beliefs about individuals' own outcomes such as luck …

Persistent link: https://www.econbiz.de/10012419372

Public statistics and private experience : varying feedback information in a take-or-pass game

Danz, David; Huck, Steffen; Jehiel, Philippe - 2015

We study how subjects in an experiment use different forms of public information about their opponents' past behavior. In the absence of public information, subjects appear to use rather detailed statistics summarizing their private experiences. If they have additional public information, they...

Persistent link: https://www.econbiz.de/10011437784

Decentralizing centralized matching markets : implications from early offers in university admissions

Grenet, Julien; He, Yinghua; Kübler, Dorothea - 2019

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

A life-cycle model with ambiguous survival beliefs

Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2015

-additive survival beliefs expressing ambiguity attitudes. We embed these neo-additive survival beliefs as decision weights in a Choquet … expected utility life-cycle consumption model and calibrate it with data on subjective survival beliefs from the Health and … Retirement Study. Our quantitative analysis shows that agents with calibrated neo-additive survival beliefs (i) save less than …

Persistent link: https://www.econbiz.de/10012061600

A life-cycle model with ambiguous survival beliefs

Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2014

adopt a Bayesian learning model of ambiguous survival beliefs which replicates these patterns. The model is embedded within … survival beliefs (i) save less than originally planned, (ii) exhibit undersaving at younger ages, and (iii) hold larger amounts …

Persistent link: https://www.econbiz.de/10010419819