evidence for statistical discrimination in the standard no-competition setup of Coate and Loury (1993). When we introduce … competition between workers of different groups, the non-discrimination equilibrium ceases to be stable. In line with this … theoretical observation, we find systematic discrimination in the experimental treatment with competition. Nevertheless, a …

of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment … compete in two-person tournaments and are then informed of their score and the outcome of the competition. Conditional on the …

> Minority games are a stylized description of strategic situations with both coordination and competition. These games are … experiment are subjected to an evolutionary competition. The strategies people use are very heterogeneous although aggregate … outcomes resemble the symmetric Nash equilibrium. The strategies that survive evolutionary competition achieve much higher …

adaptation levels relate to less positive emotions and less optimistic expectations about future price changes. The actual …. The adaptation level, by contrast, affects the actual investment decision indirectly via its impact on expectations. …

nothing) or the highest level of punishment (destroyeverything). (4) Expectations have a significant effect on the …

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

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 …