Response Time Under Monetary Incentives: The Ultimatum Game

descriptionPublicationkeyboard_double_arrow_right Article , Research , Other ORP type , Other literature type , Preprint 01 Jan 2007 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Pablo Branas-Garza; Ana Leon-Mejia; Luis M. Miller;

doi: 10.2139/ssrn.1023881

handle: 10261/2043 , 10419/25636

Response Time Under Monetary Incentives: The Ultimatum Game

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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.

Financial support received from DGCYT (SEJ2004-07554/ECON).

Related Organizations

Universidad Loyola Andalucía
Spain
Max Planck Society
Germany
Institute of Advanced Studies in Administration
Venezuela
Loyola University Chicago
United States

Keywords

Ökonomischer Anreiz, Test, Zeit, ddc:330, C72, Monetary incentives, Nichtkooperatives Spiel, Monetary incentives, Ultimatum game, response time, Response time, C91, response time, Verhandlungstheorie, Ultimatum game, jel: jel:C91, jel: jel:C72

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