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Deferred acceptance and regret-free truth-telling
The deferred acceptance mechanism has been widely adopted across centralized matching markets, despite the fact that it provides participants with opportunities to “game the system.” Accounting for the lack of information ...
Imposing Commitment to Rein in Overconfidence in Learning
A rational principal delegates learning to an overconfident agent who overestimates the precision of the information he collects. The principal chooses between two contracts: commitment, in which the agent commits to the ...