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- W3124567881 abstract "We test the effect of advice on the well known top trading cycles (TTC) matching algorithm in a school choice frame work. We compare three treatments involving third party advice [right advice (R), wrong advice (W), and both right and wrong advice (RW)] to a no-advice baseline (B). In line with previous literature the truth telling rate is higher than 80% in the baseline, but it becomes as low as 35% in the W treatment. Truth telling rates are also significantly lower in R than in B, and much lower in RW than in B. This evidence suggests that a vast majority of participants in our experiment were confused. Truth telling seems to work only as a default strategy, and participants can be heavily influenced by advice. The real life implementation of matching mechanisms may have been misguided by some laboratory experimentation." @default.
- W3124567881 created "2021-02-01" @default.
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- W3124567881 date "2013-07-01" @default.
- W3124567881 modified "2023-09-27" @default.
- W3124567881 title "Lying through Their Teeth: Third Party Advice and Truth Telling in a Strategy Proof Mechanism" @default.
- W3124567881 hasPublicationYear "2013" @default.
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