期刊名称:CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度:2010
卷号:2010
期号:1
出版社:Center for Operations Research and Econometrics (UCL), Louvain
摘要:We use laboratory experiments to analyze decentralized decision-making in one-sided matching
markets. We find that subjects tend to make decisions in line with theoretical models, as their
offering and accepting decisions are only guided by the objective of improving upon the status
quo. However, isolated individual mistakes, that do not disappear with experience or time, often
make theoretically-stable matchings unstable in the laboratory. Markets with incomplete infor-
mation are especially prone to this problem.