The BCD of response time analysis in experimental economics.
The BCD of response time analysis in experimental economics.
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DOI:
10.1007/s10683-017-9528-1
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发表时间:
2018
影响因子:
2.3
通讯作者:
Ortmann A
中科院分区:
文献类型:
--
作者:
Spiliopoulos L;Ortmann A
For decisions in the wild, time is of the essence. Available decision time is often cut short through natural or artificial constraints, or is impinged upon by the opportunity cost of time. Experimental economists have only recently begun to conduct experiments with time constraints and to analyze response time (RT) data, in contrast to experimental psychologists. RT analysis has proven valuable for the identification of individual and strategic decision processes including identification of social preferences in the latter case, model comparison/selection, and the investigation of heuristics that combine speed and performance by exploiting environmental regularities. Here we focus on the benefits, challenges, and desiderata of RT analysis in strategic decision making. We argue that unlocking the potential of RT analysis requires the adoption of process-based models instead of outcome-based models, and discuss how RT in the wild can be captured by time-constrained experiments in the lab. We conclude that RT analysis holds considerable potential for experimental economics, deserves greater attention as a methodological tool, and promises important insights on strategic decision making in naturally occurring environments.
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影响因子:
2
作者:
Alos-Ferrer, Carlos
通讯作者:
Alos-Ferrer, Carlos
影响因子:
2.5
作者:
Ahn, Woo-Young;Busemeyer, Jerome R.;Stout, Julie C.
通讯作者:
Stout, Julie C.
DOI:
10.1007/s40881-015-0003-5
发表时间:
2015-12-01
影响因子:
1.9
作者:
Agranov, Marina;Caplin, Andrew;Tergiman, Chloe
通讯作者:
Tergiman, Chloe
影响因子:
3.5
作者:
Alos-Ferrer, Carlos;Strack, Fritz
通讯作者:
Strack, Fritz
影响因子:
5.4
作者:
Achtziger, Anja;Alos-Ferrer, Carlos
通讯作者:
Alos-Ferrer, Carlos