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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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 |