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Response time and decision making: An experimental study

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  • Rubinstein, Ariel

Abstract

Response time is used here to interpret choice in decision problems. I first establish that there is a close connection between short response time and choices that are clearly a mistake. I then investigate 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 could be 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 the standard typologies.

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  • Rubinstein, Ariel, 2013. "Response time and decision making: An experimental study," Judgment and Decision Making, Cambridge University Press, vol. 8(5), pages 540-551, September.
    • Handle: RePEc:cup:judgdm:v:8:y:2013:i:5:p:540-551_4
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