Comparing the chosen: Selection bias when selection is competitive
Consider a decision maker who selects between paired random draws from two unconditional distributions, always selecting the larger draw in the pair. When will the resulting selection-conditioned distributions be ordered by first-order stochastic or monotone likelihood-ratio dominance? In various gu...
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| Format: | Journal article |
| Language: | English |
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University of Chicago Press
2019
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| _version_ | 1797071621792464896 |
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| author | Noe, T |
| author_facet | Noe, T |
| author_sort | Noe, T |
| collection | OXFORD |
| description | Consider a decision maker who selects between paired random draws from two unconditional distributions, always selecting the larger draw in the pair. When will the resulting selection-conditioned distributions be ordered by first-order stochastic or monotone likelihood-ratio dominance? In various guises, this question arises in many economic contexts—tournaments, contests, auctions, cheap-talk games, announcement returns, qualitative choice models, and treatment effects under self-selection. This paper develops simple, applicable characterizations of the properties of unconditional distributions which result in dominance conditioned on selection and uses these characterizations to analyze a number of economic selection problems. |
| first_indexed | 2024-03-06T22:56:00Z |
| format | Journal article |
| id | oxford-uuid:60657664-692c-4b74-88f4-de2c950c2df4 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T22:56:00Z |
| publishDate | 2019 |
| publisher | University of Chicago Press |
| record_format | dspace |
| spelling | oxford-uuid:60657664-692c-4b74-88f4-de2c950c2df42022-03-26T17:53:10ZComparing the chosen: Selection bias when selection is competitiveJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:60657664-692c-4b74-88f4-de2c950c2df4EnglishSymplectic Elements at OxfordUniversity of Chicago Press2019Noe, TConsider a decision maker who selects between paired random draws from two unconditional distributions, always selecting the larger draw in the pair. When will the resulting selection-conditioned distributions be ordered by first-order stochastic or monotone likelihood-ratio dominance? In various guises, this question arises in many economic contexts—tournaments, contests, auctions, cheap-talk games, announcement returns, qualitative choice models, and treatment effects under self-selection. This paper develops simple, applicable characterizations of the properties of unconditional distributions which result in dominance conditioned on selection and uses these characterizations to analyze a number of economic selection problems. |
| spellingShingle | Noe, T Comparing the chosen: Selection bias when selection is competitive |
| title | Comparing the chosen: Selection bias when selection is competitive |
| title_full | Comparing the chosen: Selection bias when selection is competitive |
| title_fullStr | Comparing the chosen: Selection bias when selection is competitive |
| title_full_unstemmed | Comparing the chosen: Selection bias when selection is competitive |
| title_short | Comparing the chosen: Selection bias when selection is competitive |
| title_sort | comparing the chosen selection bias when selection is competitive |
| work_keys_str_mv | AT noet comparingthechosenselectionbiaswhenselectioniscompetitive |