Replication data for: Psychological Pressure in Competitive Environments: Evidence from a Randomized Natural Experiment
Principal Investigator(s): View help for Principal Investigator(s) Jose Apesteguia; Ignacio Palacios-Huerta
Version: View help for Version V1
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text/plain | 14.6 KB | 12/06/2019 10:53:AM |
Project Citation:
Apesteguia, Jose, and Palacios-Huerta, Ignacio. Replication data for: Psychological Pressure in Competitive Environments: Evidence from a Randomized Natural Experiment. Nashville, TN: American Economic Association [publisher], 2010. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116092V1
Project Description
Summary:
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Emotions can have important effects on performance and socioeconomic outcomes. We study a natural experiment where two teams of professionals compete in a tournament taking turns in a sequence. As the sequential order is determined by the random outcome of a coin flip, the treatment and control groups are determined via explicit randomization. Hence, absent any psychological effects, both teams should have the same probability of winning. Yet, we find a systematic first-mover advantage. Further, professionals are self-aware of their own psychological effects and, when given the chance, they rationally react by systematically taking advantage of these effects. (JEL C93, D03, D82, L83)
Scope of Project
JEL Classification:
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C93 Field Experiments
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
D82 Asymmetric and Private Information; Mechanism Design
L83 Sports; Gambling; Restaurants; Recreation; Tourism
C93 Field Experiments
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
D82 Asymmetric and Private Information; Mechanism Design
L83 Sports; Gambling; Restaurants; Recreation; Tourism
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