We test the effect of advice on the well-known top trading cycles (TTC) matching algorithm. We compare three treatments involving third party advice [right advice (R), wrong advice (W), and both right and wrong advice (RW)] to a no-advice baseline (B). In line with previous literature the truth...

Migrations have intensified with the advent of globalisation. Societies once solidly monocultural are becoming increasingly multicultural. It is, however, not clear how social capital would travel across cultural boundaries. A multicultural environment might result on agents preferring to...

In a series of recent papers, Ariel Rubinstein claims that the study of response time sheds light on the process of reasoning involved in classical economic decision problems. In particular, he considers that a distinction can be drawn between instinc- tive and cognitive reasoning. This paper...