nothing) or the highest level of punishment (destroyeverything). (4) Expectations have a significant effect on the … punishment behavior. (3) Thereare discontinuous “jumps” in the behavior of responders. They either chooseno punishment (destroy … probabilityof punishment but not on the intensity of experienced emotion. We explainthis last result in terms of norm …

The way in which individual expectations shape aggregate macroeconomic variables is crucial for the transmission and … effectiveness of monetary policy. We study the individual expectations formation process and the interaction with monetary policy … heterogeneous expectations model with a performance-based evolutionary selection among heterogeneous forecasting heuristics to the …

Biased longevity expectations will lead to suboptimal decisions regarding saving, retirement, annuitization and health …, with consequences for wellbeing in old age. Systematic differences in the accuracy of longevity expectations may partly … veracity of expectations are due to the less educated and cognitively able responding less to changes in objective mortality …

Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information …, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price … performance is the best in treatment 1) and worst in the treatment 3). Most forecasters use a n adaptive expectations rule …

from individual expectations. Subjects have no information about underlying market equilibrium equations, but can learn by … stable treatment, rational expectations (RE) yield a good description of observed aggregate price fluctuations: prices remain …

whether therelated expectations and realizations match each other. We use theDutch Social Economic Panel survey data, where … expectations aboutthe next year's financial situation are reported. We show that realizedchanges exceed expectations, and that this … distribution of expectations andrealizations, suggest that individuals around retirement are overly pes-simistic and attach more …

-report measures were related to destruction decisions and expectations. The pattern of emotional arousal and its correlation with self …

The effects of stake size on cooperation and punishment are investigated using a public goods experiment. We find that … an increase in stake size does neither significantly affect cooperation nor, interestingly, the level of punishment. …

" with heterogeneous expectations to real financial market data and laboratory experiments with human subjects are also …