I present joint work with summer scholarship student Jacky Lo. The problem of one-sided matching without money (also known as house allocation), namely computing a bijection from a finite set of items to a finite set of agents each of whom has a strict preference order over the items, has been much studied. Symmetry considerations require the use of randomization, yielding the more general notion of random assignment. The two most commonly studied algorithms (Random Serial Dictatorship (RP) and Probabilistic Serial Rule (PS)) dominate the literature on random assignments. One feature of our work is the inclusion of several new algorithms for the problem. We adopt an average-case viewpoint: although these algorithms do not have the axiomatic properties of PS and RP, they are computationally efficient and perform well on random data, at least in the case of sincere preferences. We perform a thorough comparison of the algorithms, using several standard probability distributions on ordinal preferences and measures of fairness, efficiency and social welfare. We find that there are important differences in performance between the known algorithms. In particular, our lesser-known algorithms yield better overall welfare than PS and RP and better efficiency than RP, with small negative consequences for envy, and are computationally efficient. Thus provided that worst-case and strategic concerns are relatively unimportant, the new algorithms should be seriously considered for use in applications. |