FEEM working papers "Note di lavoro" series
2006 .036

Instinctive and Cognitive Reasoning: A Study of Response Times


Authors: Ariel Rubinstein
Series: Economy and Society
Editor: Fausto Panunzi
Type: Journal
Keywords: Response Times,Instinctive and Cognitive,Reasoning,Experimental Game
JEL n.: C9
JEL: The Economic Journal
Pages: Vol. 117 Issue 523, pp. 1243-1259
Date: 2007

Abstract

Lecture audiences and students were asked to respond to virtual decision and game situations at gametheory.tau.ac.il. Several thousand observations were collected and the response time for each answer was recorded. There were significant differences in response time across responses. It is suggested that choices made instinctively, that is, on the basis of an emotional response, require less response time than choices that require the use of cognitive reasoning.

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