Competition Avoidance vs. Herding in Job Search: Evidence from Large-Scale Field Experiments on an Online Job Board
通过在线求职平台的大规模现场实验，研究求职者看到岗位申请人数信息后，是选择避开竞争还是跟风申请，结果发现求职者更倾向于规避竞争。
Information about the number of applicants to a job vacancy might simultaneously signal the degree of competition and vacancy quality. We study how this information affects job search. To do so, we conduct three experiments on a large online job platform in which the treatment varies what information is shown to job seekers. Information about the number of prior applicants to a vacancy increases the number of applications and redirects them to vacancies with few prior applications. Information about vacancy age increases application rates, especially to new vacancies. To further investigate the causal mechanisms, we conduct and analyze a survey choice experiment. We conclude that job seekers prefer to avoid competition rather than use the popularity of a vacancy as a signal of quality. This paper was accepted by Karan Girotra, operations management. Funding: This research was facilitated through a research consulting agreement between A. Fradkin, J. J. Horton, and Meta. A. Fradkin and J. J Horton were employed as contractors as part of the agreement. Supplemental Material: The online appendix and data files are available at https://doi.org/10.1287/mnsc.2023.02483 .