Matching Strategies of Heterogeneous Agents under Incomplete Information in a University Clearinghouse

B. Hoyer, N. Stroh-Maraun, Games and Economic Behavior 121 (2020) 453–481.

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Journal Article | Published | English
Abstract
We analyze the actual behavior of agents in a matching mechanism, using data from a clearinghouse at the Faculty of Business Administration and Economics at a German university, where a variant of the Boston mechanism is used. We supplement this data with data generated in a survey among the students who participated in the clearinghouse. We find that under the current mechanism over 74% of students act strategically by misrepresenting at least one of their preferences. Nevertheless, not all students are able to improve their outcome by doing so. We show that this is mainly due to the incomplete information of students and naiveté. Sophisticated students actually reach significantly better outcomes than naive students. Thus, we find evidence that naive students are exploited by sophisticated students in an incomplete information setting.
Publishing Year
Journal Title
Games and Economic Behavior
Volume
121
Page
453 - 481
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Hoyer B, Stroh-Maraun N. Matching Strategies of Heterogeneous Agents under Incomplete Information in a University Clearinghouse. Games and Economic Behavior. 2020;121:453-481. doi:10.1016/j.geb.2020.03.006
Hoyer, B., & Stroh-Maraun, N. (2020). Matching Strategies of Heterogeneous Agents under Incomplete Information in a University Clearinghouse. Games and Economic Behavior, 121, 453–481. https://doi.org/10.1016/j.geb.2020.03.006
@article{Hoyer_Stroh-Maraun_2020, title={Matching Strategies of Heterogeneous Agents under Incomplete Information in a University Clearinghouse}, volume={121}, DOI={10.1016/j.geb.2020.03.006}, journal={Games and Economic Behavior}, author={Hoyer, Britta and Stroh-Maraun, Nadja}, year={2020}, pages={453–481} }
Hoyer, Britta, and Nadja Stroh-Maraun. “Matching Strategies of Heterogeneous Agents under Incomplete Information in a University Clearinghouse.” Games and Economic Behavior 121 (2020): 453–81. https://doi.org/10.1016/j.geb.2020.03.006.
B. Hoyer and N. Stroh-Maraun, “Matching Strategies of Heterogeneous Agents under Incomplete Information in a University Clearinghouse,” Games and Economic Behavior, vol. 121, pp. 453–481, 2020.
Hoyer, Britta, and Nadja Stroh-Maraun. “Matching Strategies of Heterogeneous Agents under Incomplete Information in a University Clearinghouse.” Games and Economic Behavior, vol. 121, 2020, pp. 453–81, doi:10.1016/j.geb.2020.03.006.

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