Response Time and Decision Making: A “Free” Experimental Study

Ariel Rubinstein ()

No 275782, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research

Abstract: Response time is used to interpret choice in decision problems. It is first establishes that there is a correlation between short response time and choices that are clearly a mistake. It is then determines 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 is 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 standard typologies.

Keywords: Financial Economics; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 29
Date: 2012-12
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275782

DOI: 10.22004/ag.econ.275782

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