Is response time predictive of choice?: an experimental study of threshold strategies
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 signal associated to the highest or second highest response time at the beginning of the experiment are both unbias...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin
WZB
2014
|
| Schriftenreihe: | Discussion paper
|
| Online-Zugang: | Volltext Volltext |
| Zusammenfassung: | 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 signal 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 predictors of observed behavior 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. This paper is the first to point out the predictive power of response times in a strategic situation. |
| Beschreibung: | 1 Online-Ressource (25 S.) graph. Darst. |
Internformat
MARC
| LEADER | 00000nmm a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV042390275 | ||
| 003 | DE-604 | ||
| 005 | 20150309 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 150304s2014 |||| o||u| ||||||eng d | ||
| 035 | |a (OCoLC)915582157 | ||
| 035 | |a (DE-599)GBV790039338 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-188 | ||
| 088 | |a SP II 2014 305 | ||
| 100 | 1 | |a Schotter, Andrew |d 1947- |e Verfasser |0 (DE-588)109286197 |4 aut | |
| 245 | 1 | 0 | |a Is response time predictive of choice? |b an experimental study of threshold strategies |c Andrew Schotter ; Isabel Trevino |
| 264 | 1 | |a Berlin |b WZB |c 2014 | |
| 300 | |a 1 Online-Ressource (25 S.) |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Discussion paper | |
| 520 | 1 | |a 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 signal 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 predictors of observed behavior 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. This paper is the first to point out the predictive power of response times in a strategic situation. | |
| 700 | 1 | |a Trevino, Isabel |e Verfasser |4 aut | |
| 856 | 4 | 0 | |u http://bibliothek.wzb.eu/pdf/2014/ii14-305.pdf |x Verlag |z kostenfrei |3 Volltext |
| 856 | 4 | 0 | |u http://hdl.handle.net/10419/98843 |x Langzeitarchivierung |z kostenfrei |3 Volltext |
| 912 | |a ebook | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-027826179 | ||
Datensatz im Suchindex
| _version_ | 1804153038822178816 |
|---|---|
| any_adam_object | |
| author | Schotter, Andrew 1947- Trevino, Isabel |
| author_GND | (DE-588)109286197 |
| author_facet | Schotter, Andrew 1947- Trevino, Isabel |
| author_role | aut aut |
| author_sort | Schotter, Andrew 1947- |
| author_variant | a s as i t it |
| building | Verbundindex |
| bvnumber | BV042390275 |
| collection | ebook |
| ctrlnum | (OCoLC)915582157 (DE-599)GBV790039338 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01955nmm a2200325 c 4500</leader><controlfield tag="001">BV042390275</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20150309 </controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">150304s2014 |||| o||u| ||||||eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)915582157</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBV790039338</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-188</subfield></datafield><datafield tag="088" ind1=" " ind2=" "><subfield code="a">SP II 2014 305</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Schotter, Andrew</subfield><subfield code="d">1947-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)109286197</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Is response time predictive of choice?</subfield><subfield code="b">an experimental study of threshold strategies</subfield><subfield code="c">Andrew Schotter ; Isabel Trevino</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Berlin</subfield><subfield code="b">WZB</subfield><subfield code="c">2014</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (25 S.)</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Discussion paper</subfield></datafield><datafield tag="520" ind1="1" ind2=" "><subfield code="a">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 signal 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 predictors of observed behavior 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. This paper is the first to point out the predictive power of response times in a strategic situation.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Trevino, Isabel</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://bibliothek.wzb.eu/pdf/2014/ii14-305.pdf</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://hdl.handle.net/10419/98843</subfield><subfield code="x">Langzeitarchivierung</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ebook</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-027826179</subfield></datafield></record></collection> |
| id | DE-604.BV042390275 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T01:20:15Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027826179 |
| oclc_num | 915582157 |
| open_access_boolean | 1 |
| owner | DE-188 |
| owner_facet | DE-188 |
| physical | 1 Online-Ressource (25 S.) graph. Darst. |
| psigel | ebook |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | WZB |
| record_format | marc |
| series2 | Discussion paper |
| spelling | Schotter, Andrew 1947- Verfasser (DE-588)109286197 aut Is response time predictive of choice? an experimental study of threshold strategies Andrew Schotter ; Isabel Trevino Berlin WZB 2014 1 Online-Ressource (25 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier Discussion paper 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 signal 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 predictors of observed behavior 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. This paper is the first to point out the predictive power of response times in a strategic situation. Trevino, Isabel Verfasser aut http://bibliothek.wzb.eu/pdf/2014/ii14-305.pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/98843 Langzeitarchivierung kostenfrei Volltext |
| spellingShingle | Schotter, Andrew 1947- Trevino, Isabel Is response time predictive of choice? an experimental study of threshold strategies |
| title | Is response time predictive of choice? an experimental study of threshold strategies |
| title_auth | Is response time predictive of choice? an experimental study of threshold strategies |
| title_exact_search | Is response time predictive of choice? an experimental study of threshold strategies |
| title_full | Is response time predictive of choice? an experimental study of threshold strategies Andrew Schotter ; Isabel Trevino |
| title_fullStr | Is response time predictive of choice? an experimental study of threshold strategies Andrew Schotter ; Isabel Trevino |
| title_full_unstemmed | Is response time predictive of choice? an experimental study of threshold strategies Andrew Schotter ; Isabel Trevino |
| title_short | Is response time predictive of choice? |
| title_sort | is response time predictive of choice an experimental study of threshold strategies |
| title_sub | an experimental study of threshold strategies |
| url | http://bibliothek.wzb.eu/pdf/2014/ii14-305.pdf http://hdl.handle.net/10419/98843 |
| work_keys_str_mv | AT schotterandrew isresponsetimepredictiveofchoiceanexperimentalstudyofthresholdstrategies AT trevinoisabel isresponsetimepredictiveofchoiceanexperimentalstudyofthresholdstrategies |