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Response Time under Monetary Incentives: the Ultimatum Game
- Autor(in)
- Erschienen
- 25. September 2007
- Nummer des Discussion-Papers
-
2007-70
- Schlagwort(e)
-
monetary incentives
response time
Ultimatum game
- Zusammenfsg.
-
This paper studies the response times of experimental subjects playing the Ultimatum game in a laboratory setting using monetary incentives. We find that proposals are not significantly correlated with response time, whereas responders’ behavior is positively and significantly correlated. Hence, consistent with Rubisntein (forthcoming) we find that response times may capture relevant cognitive processes. However, the use of monetary incentives causes a reversal of his findings. These results have implications for the information about cognitive mechanisms that can be obtained from response times.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- experimental economics
- JEL-Classification for JER
- C72 - Noncooperative Games ; C91 - Laboratory, Individual Behavior