Fast or Fair? A Study of Response Times

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Fast or Fair? A Study of Response Times

Author Info

Marco Piovesan (Department of Economics, University of Copenhagen)
Erik Wengström (Department of Economics, University of Copenhagen)

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Abstract

This paper uses a modified dictator game to investigate the relationship between response times and social preferences. We find that egoistic subjects make faster decisions than subjects with social preferences. Moreover, our within-analysis reveals that, for a given individual, egoistic payoff maximizing decisions are reached quicker than choices expressing social preferences.

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Publisher Info
Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 08-09.

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Length: 10 pages
Date of creation: Apr 2008
Date of revision:
Handle: RePEc:kud:kuiedp:0809

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Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

This paper has been announced in the following NEP Reports:

NEP-ALL-2008-04-21 (All new papers)
NEP-CBE-2008-04-21 (Cognitive & Behavioural Economics)
NEP-EXP-2008-04-21 (Experimental Economics)
NEP-SOC-2008-04-21 (Social Norms & Social Capital)

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This page was last updated on 2008-8-27.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.