The Faster the Better: When the Payoff Depends on Reaction Times in a Natural Experiment

Matteo Migheli ()

Review of Behavioral Economics, 2017, vol. 4, issue 2, 135-151

Abstract: This paper experimentally investigates how people take risk with other people’s money, and specifically, whether risk-taking is influenced by information about others. Before choosing the degree of risk another person must bear, subjects get information about the other person’s gender and self-reported level of extroversion. There is no evidence that information about gender has an effect, and matters more for choosing on behalf of one’s-self than for choosing on behalf of others. Extroversion, however, has a significant effect. Here it matters more for choosing on behalf of others than on behalf of one’s-self. I also find that the own risk choices have a strong effect on choosing on behalf of others.

Keywords: Reaction times (RT); Natural experiment; Instinctiveness; Cognitive processes (search for similar items in EconPapers)
JEL-codes: C90 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.1561/105.00000062 (application/xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:now:jnlrbe:105.00000062

Access Statistics for this article

More articles in Review of Behavioral Economics from now publishers
Bibliographic data for series maintained by Lucy Wiseman ().