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Title:Response time under monetary incentives: the ultimatum game PDF Logo
Authors:Brañas-Garza, Pablo
León-Mejía, Ana
Miller, Luis M.
Issue Date:2007
Series/Report no.:Jena economic research papers 2007,070
Abstract: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.
Subjects:Monetary incentives
Ultimatum game
response time
JEL:C72
C91
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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