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Título: | Preference Intensities and Risk Aversion in School Choice: A Laboratory Experiment |
Autor: | Klijn, Flip CSIC ORCID ; Vorsatz, Marc | Palabras clave: | School choice Risk aversion Preference intensities Laboratory experiments |
Fecha de publicación: | 20-abr-2010 | Citación: | UFAE and IAE Working Papers ; 816.10 | Resumen: | We experimentally investigate in the laboratory two prominent mechanisms that are employed in school choice programs to assign students to public schools. We study how individual behavior is influenced by preference intensities and risk aversion. Our main results show that (a) the Gale–Shapley mechanism is more robust to changes in cardinal preferences than the Boston mechanism independently of whether individuals can submit a complete or only a restricted ranking of the schools and (b) subjects with a higher degree of risk aversion are more likely to play “safer” strategies under the Gale–Shapley but not under the Boston mechanism. Both results have important implications for the efficiency and the stability of the mechanisms.submit% | Descripción: | JEL–Numbers: C78, C91, C92, D78, I20.-- Trabajo presentado al: "6th International Meeting on Experimental and Behavioral Economics (IMEBE)" celebrado en Bilbao en 2010; "XXXV Simposio de la Asociación Española de Economía (SAEe)" celebrado en Madrid en 2010. | Versión del editor: | http://pareto.uab.es/wp/2010/81610.pdf | URI: | http://hdl.handle.net/10261/35253 |
Aparece en las colecciones: | (IAE) Informes y documentos de trabajo |
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