Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/339359 
Year of Publication: 
2026
Series/Report no.: 
Working Paper No. 449
Version Description: 
This version: February 2026
Publisher: 
University of Zurich, Department of Economics, Zurich
Abstract: 
Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. We provide a general characterization of the properties of latent variables that can be detected using response time data. Our theoretical framework unifies and generalizes results in the literature and gives rise to many new applications. We illustrate the rich insights that the method can deliver through several empirical applications: revealed preference analysis, identifying an optimal nudge, testing decreasing marginal happiness of income, and predicting treatment heterogeneity.
Subjects: 
chronometric effect
binary response model
non-parametric identification
revealed preference
nudging
decreasing marginal happiness
treatment heterogeneity
JEL: 
C14
D60
D91
I31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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