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Response Time under Monetary Incentives. The Ultimatum Game

AuthorsBrañas-Garza, Pablo; León-Mejía, Ana CSIC; Miller, Luis M. CSIC ORCID
KeywordsMonetary incentives
Ultimatum game
Response time
Issue Date25-Sep-2007
SerieIESA Working Paper Series
WP 10-07
AbstractThis 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.
Appears in Collections:(IESA) Informes y documentos de trabajo

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