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https://doi.org/10.1016/j.jpubeco.2018.09.014
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Flipping a coin: evidence from university applications
[Zeitschriftenartikel]
Abstract We empirically 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. A large data set from the centralized clearinghouse for university admissions in Germany shows a choice pattern of applicants that is... mehr
We empirically 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. A large data set from the centralized clearinghouse for university admissions in Germany shows a choice pattern of applicants that is consistent with coin flipping and that entails substantial consequences for the matching outcome. In a series of experiments capturing the relevant features of university choice, participants often choose lotteries between allocations rather than certain allocations. This contradicts most theories of choice such as expected utility. A survey among university applicants links their choices to the experiments and confirms that the choice of random allocations is intentional.... weniger
Klassifikation
Allgemeines, spezielle Theorien und "Schulen", Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften
Freie Schlagwörter
individual decision making; matching markets; preference for randomization; university admissions
Sprache Dokument
Englisch
Publikationsjahr
2018
Seitenangabe
S. 240-250
Zeitschriftentitel
Journal of Public Economics (2018) 167
Handle
https://hdl.handle.net/10419/209666
ISSN
1879-2316
Status
Postprint; begutachtet (peer reviewed)
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0