Less is more: A Field Experiment on Matching
We run a field experiment to test the truth-telling rates of the theoretically strategy-proof Top Trading Cycles mechanism (TTC) under different information conditions. First, we asked first-year economics students enrolled in an introductory microeconomics unit about which topic, among three, they would most like to write an essay about. Most students chose the same favorite topic. Then we used TTC to distribute students equally across the three options. We ran three treatments varying the information the students received about the mechanism. In the first treatment students were given a description of the matching mechanism. In the second they received a description of the strategy-proofness of the mechanism without details of the mechanism. Finally, in the third they were given both pieces of information. We find a significant and positive effect of describing the strategy-proofness on truth-telling rates. ON the other hand, describing the matching mechanism has a significant and negative effect on truth-telling rates.
|Date of creation:||Jul 2015|
|Contact details of provider:|| Postal: Sydney, NSW 2006|
Phone: 61 +2 9351 5055
Fax: 61 +2 9351 4341
Web page: http://sydney.edu.au/arts/economics
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pais, Joana & Pintér, Ágnes, 2008.
"School choice and information: An experimental study on matching mechanisms,"
Games and Economic Behavior,
Elsevier, vol. 64(1), pages 303-328, September.
- Joana Pais & Ágnes Pintér, 2006. "School Choice and Information An Experimental Study on Matching Mechanisms," Working Papers Department of Economics 2006/14, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
- Joana Pais & Agnes Pinter, 2007. "School Choice and Information. An Experimental Study on Matching Mechanisms," Labsi Experimental Economics Laboratory University of Siena 018, University of Siena.
- Flip Klijn & Joana Pais & Marc Vorsatz, 2013. "Preference intensities and risk aversion in school choice: a laboratory experiment," Experimental Economics, Springer;Economic Science Association, vol. 16(1), pages 1-22, March.
- Flip Klijn & Joana Pais & Marc Vorsatz, 2010. "Preference Intensities and Risk Aversion in School Choice: A Laboratory Experiment," Harvard Business School Working Papers 10-093, Harvard Business School.
- Flip Klijn & Joana Pais & Marc Vorsatz, 2010. "Preference Intensities and Risk Aversion in School Choice: A Laboratory Experiment," Working Papers 447, Barcelona Graduate School of Economics.
- Flip Klijn & Joana Pais & Marc Vorsatz, 2010. "Preference Intensities and Risk Aversion in School Choice: A Laboratory Experiment," UFAE and IAE Working Papers 816.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Guillen, Pablo & Hing, Alexander, 2014. "Lying through their teeth: Third party advice and truth telling in a strategy proof mechanism," European Economic Review, Elsevier, vol. 70(C), pages 178-185.
- Guillén, Pablo & Hing, Alexander, 2013. "Lying through Their Teeth: Third Party Advice and Truth Telling in a Strategy Proof Mechanism," Working Papers 2013-11, University of Sydney, School of Economics.
- Yan Chen & Tayfun Sönmez, 2002. "Improving Efficiency of On-Campus Housing: An Experimental Study," American Economic Review, American Economic Association, vol. 92(5), pages 1669-1686, December.
- Guillen, Pablo & Hakimov, Rustamdjan, 2014. "Monkey see, monkey do: Truth-telling in matching algorithms and the manipulation of others," Discussion Papers, Research Unit: Market Behavior SP II 2014-202, Social Science Research Center Berlin (WZB).
- Hakimov, Rustamdjan & Kesten, Onur, 2014. "The equitable top trading cycles mechanism for school choice," Discussion Papers, Research Unit: Market Behavior SP II 2014-210, Social Science Research Center Berlin (WZB). Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:syd:wpaper:2015-16. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vanessa Holcombe)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.