Flipping a coin: Evidence from university applications

A-Tier
Journal: Journal of Public Economics
Year: 2018
Volume: 167
Issue: C
Pages: 240-250

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We empirically investigate the possibility that a decision maker prefers to avoid making a decision and instead delegates it to an external device, e.g., a coin flip. A large data set from the centralized clearinghouse for university admissions in Germany shows a choice pattern of applicants that is consistent with coin flipping and that entails substantial consequences for the matching outcome. In a series of experiments capturing the relevant features of university choice, participants often choose lotteries between allocations rather than certain allocations. This contradicts most theories of choice such as expected utility. A survey among university applicants links their choices to the experiments and confirms that the choice of random allocations is intentional

Technical Details

RePEc Handle
repec:eee:pubeco:v:167:y:2018:i:c:p:240-250
Journal Field
Public
Author Count
3
Added to Database
2026-01-25