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Response Time under Monetary Incentives: the Ultimatum Game

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Author Info

  • Pablo Branas-Garza

    (Departamento de Teoria Economica, Universidad de Granada)

  • Ana Leon-Mejia

    (IESA-CSIC)

  • Luis M. Miller

    ()
    (IESA-CSIC and Max Planck Institute of Economics,)

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.

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Bibliographic Info

Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2007-070.

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Date of creation: 25 Sep 2007
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Handle: RePEc:jrp:jrpwrp:2007-070

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Keywords: Monetary incentives; Ultimatum game; response time;

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Cited by:
  1. Marco Piovesan & Erik Wengström, 2008. "Fast or Fair? A Study of Response Times," Discussion Papers 08-09, University of Copenhagen. Department of Economics.
  2. Astrid Matthey & Tobias Regner, 2010. "Do I really want to know? A cognitive dissonance-based explanation of other-regarding behavior," Jena Economic Research Papers 2010-077, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.

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