Incentivizing Hidden Types in Secretary Problem

Longjian Li and Alexis Akira Toda

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Abstract: We study a game between $N$ job applicants who incur a cost $c$ (relative to the job value) to reveal their type during interviews and an administrator who seeks to maximize the probability of hiring the best. We define a full learning equilibrium and prove its existence, uniqueness, and optimality. In equilibrium, the administrator accepts the current best applicant $n$ with probability $c$ if $n

Date: 2022-08, Revised 2024-07
New Economics Papers: this item is included in nep-gth
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