Response time and utility

被引：21

作者：

Echenique, Federico ^{[1
]}

Saito, Kota ^{[1
]}

机构：

[1] CALTECH, Div Humanities & Social Sci, 1200 E Calif Blvd,MC 228-77, Pasadena, CA 91125 USA

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2017年 / 139卷

基金：

美国国家科学基金会;

关键词：

Response time; Revealed preference test; Axiom;

D O I：

10.1016/j.jebo.2017.04.008

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2017 Elsevier B.V. All rights reserved.

引用

页码：49 / 59

页数：11

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