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|Title:||Response time under monetary incentives: the ultimatum game |
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.|
|Document Type:||Working Paper|
|Appears in Collections:||Jena Economic Research Papers (2007-2014), Max-Planck-Institut für Ökonomik und Universität Jena|
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