Business School a university for the real world

Event

19 September 2019

The School of Economics and Finance invites you to attend a seminar where Dr Siqi Pan from University of Melbourne will present on "Information Acquisition and Preference Formation in College Admissions".

Co-authors:

Rustamdjan Hakimov (University of Lausanne), Dorothea Kübler (WZB Berlin)

Abstract:

Every year during college admissions, students and their parents devote considerable time and effort to information acquisition for the purpose of forming their preferences over a large number of universities. In this paper, we explore ways to reduce wasteful information acquisition using a market design approach. We theoretically and experimentally compare the widely recommended direct student-proposing deferred acceptance mechanism (DSP-DA) with a sequential university-proposing deferred acceptance mechanism (SUP-DA). Consistent with the theory, SUP-DA leads to less wasteful information acquisition and higher student welfare than DSP-DA. In addition, we observe significantly smaller deviations from optimal search strategies under SUP-DA. We also investigate the effects of providing historical cutoff scores, which is a common practice in many real-life college admissions markets.

Everyone is welcome to attend.

For more information please see Dr Siqi Pan's website.

 

Date
19 September 2019 - 19 September 2019
Location
Gardens Point Campus, Z Block, Level 8
Room
GP - Z808
Cost
Free to attend
Organisation
QUT School of Economics and Finance
Info
Dr Changxia Ke
Phone
07 3138 0811
Email
changxia.ke@qut.edu.au
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