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Expectations-Based Loss Aversion May Help Explain Seemingly Dominated Choices in Strategy-Proof Mechanisms

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NBER2019-10-01 更新2025-01-04 收录
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Deferred Acceptance (DA), a widely implemented algorithm, is meant to improve allocations: under classical preferences, it induces preference-concordant rankings. However, recent evidence shows thatin both real, large-stakes applications and experimentsparticipants frequently play seemingly

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2019-10-01
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