Reaction time, usually measured in seconds, has been shown to be correlated with decisions in experimental games. In this paper, we study how allowing for a full day of “reflection time” alters behavior. We compare behavior in dictator and cheating games when participants make immediate choices with behavior when participants have an extra day to decide, and find that allowing for more time does not affect behavior.
Bibliographical notePublished online 7 November 2017.
Andersen, S., Gneezy, U., Kajackaite, A., & Marx, J. (2018). Allowing for Reflection Time does not Change Behavior in Dictator and Cheating Games. Journal of Economic Behavior & Organization, 145, 24-33. https://doi.org/10.1016/j.jebo.2017.10.012