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Corrigendum: Psychological Pressure in Competitive Environments: Evidence from a Randomized Natural Experiment

Author

Listed:
  • Jose Apesteguia
  • Ignacio Palacios-Huerta

Abstract

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)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jose Apesteguia & Ignacio Palacios-Huerta, 2011. "Corrigendum: Psychological Pressure in Competitive Environments: Evidence from a Randomized Natural Experiment," American Economic Review, American Economic Association, vol. 101(4), pages 1636-1636, June.
    • Handle: RePEc:aea:aecrev:v:101:y:2011:i:4:p:1636-1636
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    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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