Response time and decision making: An experimental study

Ariel Rubinstein

Judgment and Decision Making, 2013, vol. 8, issue 5, 540-551

Abstract: Response time is used here to interpret choice in decision problems. I first establish that there is a close connection between short response time and choices that are clearly a mistake. I then investigate whether a correlation also exists between response time and behavior that is inconsistent with some standard theories of decision making. The lack of such a correlation could be interpreted to imply that such behavior does not reflect a mistake. It is also shown that a typology of slow and fast responders may, in some cases, be more useful than the standard typologies.

Date: 2013
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