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No Safety Schools Theorem For Conversation In The Journal Of Labor Economics

354 Words2 Pages

Please consider our paper "An Experimental Test of the No Safety Schools Theorem" for publication in the Journal of Labor Economics. In this paper, we explore the decisions made by individuals faced with a simultaneous search problem. In these types of problems, individuals choose a portfolio of risky options from a larger menu of options. While there are potentially many options in the selected portfolio, utility is determined by the option in the portfolio with the best ex-post outcome - making payoffs interdependent. A common example of this type of problem is the college application process in which prospective students send multiple applications to schools but only attend the best school that admits them. This type of decision problem

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