Response time and utility

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2017
Volume: 139
Issue: C
Pages: 49-59

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

Response time is the time an agent needs to make a decision. One fundamental finding in psychology and neuroscience is that, in a binary choice, there is a monotonic relationship between the response time and the difference between the utilities of the two options. We consider situations in which utilities are not observed, but rather inferred from revealed preferences: meaning they are inferred from subjects’ choices. Given data on subjects’ choices, and the time to make those choices, we give conditions on the data that characterize the property that response time is a monotonic function of utility differences.

Technical Details

RePEc Handle
repec:eee:jeborg:v:139:y:2017:i:c:p:49-59
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25