Behavioral Economics in Education Market Design: A Forward-Looking Review Article Swipe

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Behavioral economics Matching (statistics) Behavioral modeling Work (physics) Economics Rational choice theory (criminology) Behavioural sciences Management science Microeconomics Positive economics Computer science Psychology Sociology Artificial intelligence Engineering Social science Medicine Mechanical engineering Pathology Criminology

Alex Rees-Jones , Ran I. Shorrer ·

YOU? · · 2023 · Open Access · · DOI: https://doi.org/10.1086/725054 · OA: W4361185744

The rational choice framework for modeling matching markets has been tremendously useful in guiding the design of school-assignment systems. Despite this success, a large body of work documents deviations from the predictions of this framework that appear influenced by behavioral economic phenomena. We review these findings and the body of behavioral theories that have been presented as possible explanations. Motivated by this literature, we lay out paths for behavioral economists to be directly useful to education market design.