Is response time predictive of choice? An experimental study of threshold strategies

A-Tier
Journal: Experimental Economics
Year: 2021
Volume: 24
Issue: 1
Pages: 87-117

Authors (2)

Andrew Schotter (New York University (NYU)) Isabel Trevino (not in RePEc)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract This paper investigates the usefulness of non-choice data, namely response times, as a predictor of threshold behavior in a simple global game experiment. Our results indicate that the signals associated to the highest or second highest response time at the beginning of the experiment are both unbiased estimates of the threshold employed by subjects at the end of the experiment. This predictive ability is lost when we move to the third or higher response times. Moreover, the response time predictions are better than the equilibrium predictions of the game. They are also robust, in the sense that they characterize behavior in an “out-of-treatment” exercise where we use the strategy method to elicit thresholds.

Technical Details

RePEc Handle
repec:kap:expeco:v:24:y:2021:i:1:d:10.1007_s10683-020-09651-1
Journal Field
Experimental
Author Count
2
Added to Database
2026-01-29