발전기금
[경제학과] 5월 23일 BK 목요세미나 안내
- 진하은
- 2024-05-20
이번 주 5월 23일 목요일에 예정되어 있는 목요세미나 일정 안내 드립니다.
- 일시: 2024년 5월 23일 (목) 16:30 - 17:45
- 장소: 경영관 33503호
- 발표자: 고영우 교수님 (고려대학교)
- 주제: When to Visit: Information Acquisition in College Admissions (with Wooyoung Lim)
- Abstract: We theoretically and experimentally study centralized college admissions when both colleges and students lack full information about their potential matching partners; Colleges evaluate students based on their exam scores; Students learn the matching value of each college via costly information acquisition. In a centralized matching via Gale and Shapley’s deferred acceptance algorithm, it is incentive-compatible for students to acquire information before submitting their rank-order lists. However, the uncertainty of the final assignment lowers the expected gain from learning, thereby reducing social welfare, compared to a scenario without such uncertainty. Our experiments demonstrate that the welfare loss is greater with more imperfect exam scores. The empirical social welfare obtained in our experimental treatments is consistently lower than the theoretical welfare, and we identify non-equilibrium learning as a main contributor.