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Instinctive and Cognitive Reasoning: A Study of Response Times

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Author Info
Ariel Rubinstein
Abstract

Lecture audiences and students were asked to respond to virtual decision and game situations at gametheory.tau.ac.il. Several thousand observations were collected and the response time for each answer was recorded. There were significant differences in response time across responses. It is suggested that choices made instinctively, that is, on the basis of an emotional response, require less response time than choices that require the use of cognitive reasoning. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0297.2007.02081.x
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Publisher Info
Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 117 (2007)
Issue (Month): 523 (October)
Pages: 1243-1259
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Handle: RePEc:ecj:econjl:v:117:y:2007:i:523:p:1243-1259

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  1. Marcela Ibanez & Simon Czermak & Matthias Sutter, . "Searching for a better deal – On the influence of group decision making, time pressure and gender in a search experiment," Working Papers 2008-05, Faculty of Economics and Statistics, University of Innsbruck. [Downloadable!]
    Other versions:
  2. Pablo Brañas-Garza & Luis M. Miller, 2008. "Instinctive Response in the Ultimatum Game," ThE Papers 08/08, Department of Economic Theory and Economic History of the University of Granada.. [Downloadable!]
  3. Christopher F. Chabris & David Laibson & Carrie L. Morris & Jonathon P. Schuldt & Dmitry Taubinsky, 2008. "Measuring intertemporal preferences using response times," NBER Working Papers 14353, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Claude Montmarquette & Giorgio Coricelli & Mateus Joffily & Marie-Claire Villeval, 2007. "Tax Evasion: Cheating Rationally or Deciding Emotionally?," Working Papers 0724, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure. [Downloadable!]
    Other versions:
  5. Vincent P. Crawford, 2007. "Look-ups as the Windows of the Strategic Soul: Studying Cognition via Information Search in Game Experiments," Levine's Bibliography 321307000000000766, UCLA Department of Economics. [Downloadable!]
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  6. Glenn W Harrison, 2008. "Neuroeconomics: A Critical Reconsideration," Levine's Working Paper Archive 122247000000001915, David K. Levine. [Downloadable!]
  7. Alessandro Lanteri & Chiara Chelini & Salvatore Rizzello, 2008. "An Experimental Investigation of Emotions and Reasoning in the Trolley Problem," Journal of Business Ethics, Springer, vol. 83(4), pages 789-804, December. [Downloadable!] (restricted)
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