You are here: Home Seminar 2018 Summer Term Applied Micro Workshop – Alex Rees-Jones, “On the Limits of Incentive Design: Examining Medical Students’ Misunderstanding of ‘the Match’”

Applied Micro Workshop – Alex Rees-Jones, “On the Limits of Incentive Design: Examining Medical Students’ Misunderstanding of ‘the Match’”

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Alex Rees-Jones and Samuel Skowronek: “On the Limits of Incentive Design: Examining Medical Students’ Misunderstanding of ‘the Match’” How prevalent is preference misrepresentation in matching procedures that incentivize truth-telling, and who pursues it? To address these questions, we administered an online experiment to 1,714 medical students immediately after their participation in the medical residency match. When placed in an analogous matching task, we find that 23% of match participants act on an incorrect belief that the algorithm can be gamed. Better students are less likely to make these mistakes, due to both higher cognitive ability and a reduced propensity to game when in a strategically advantageous position. We explore additional determinants of gaming attempts, including overconfidence, expectations, advice, and trust. We discuss the implications of this behavior for the design of allocation mechanisms and the social welfare in markets that use them.

Event details
What
  • Presentation
When Jun 19, 2018
from 16:00 to 17:30
Where briq, Seminar Room 9/1.1, Schaumburg-Lippe-Straße 9
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