Project summary
Project A06 focuses on educational choices and outcomes in markets for education, considering the possible role of behavioral biases in various institutional contexts. The project studies (i) education choices, (ii) market design, and (iii) student outcomes. The first funding phase was devoted to information asymmetries and the role of over- and underconfidence. In the second phase, the focus is extended by concentrating on new aspects of information provision, acquisition, and processing in the realm of education, covering motivated reasoning and belief formation, costly information processing and search, and the effect of information and transparency on the public acceptability of novel instruments in education policy such as algorithms and nudges.