Data and Code for: Information Acquisition and Provision in School Choice: An Experimental Study
Principal Investigator(s): View help for Principal Investigator(s) Yan Chen, University of Michigan; YingHua He, Rice University
Version: View help for Version V1
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Project Citation:
Chen, Yan, and He, YingHua. Data and Code for: Information Acquisition and Provision in School Choice: An Experimental Study. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-09-28. https://doi.org/10.3886/E119483V1
Project Description
Summary:
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When participating in the school choice process, students often spend substantial time and
effort acquiring information about different schools. In this study, we compare how two popular school choice mechanisms, the (Boston) Immediate Acceptance and the (Gale-Shapley)
Deferred Acceptance, incentivize students’ information acquisition. Our results show that
only the Immediate Acceptance mechanism incentivizes students to learn their own cardinal
and others’ preferences. While our lab experiment yields results directionally consistent with
our theoretical predictions, we also find that students systematically over-invest in information
acquisition, especially when they believe that others invest more and when they are more curious. Our counterfactual policy analyses suggest that it is welfare-enhancing for educational
authorities to provide more information to help each student learn both her own and others’
preferences, even under strategy-proof mechanisms. Doing so improves match efficiency while
reducing the socially wasteful costs of information over-acquisition.
Scope of Project
Subject Terms:
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Information Acquisition;
Information Provision;
School Choice;
Experiment
Geographic Coverage:
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Michigan
Universe:
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University of Michigan students
Methodology
Sampling:
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Subjects recruited using ORSEE
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