Hedging When Applying: Simultaneous Search with Correlation

Applicants to schools, colleges, and jobs hedge by applying to a broad range of options, including reaches, matches, and safeties. We develop a simultaneous-search framework that rationalizes this practice. In this framework, the admissions process is correlated across schools so that if an applican...

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Bibliographic Details
Published in:The American economic review 2025-02, Vol.115 (2), p.571-598
Main Authors: Ali, S. Nageeb, Shorrer, Ran I.
Format: Article
Language:English
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